- Zoom into China: YA Virtual Session 1: Spreading the Risk, Diversifying New Zealand Trade
22nd June 2021
6:00 pm - 7:00 pm
Zoom into China: Spreading the Risk, Diversifying New Zealand Trade
International trade directly and indirectly accounts for a massive chunk of New Zealand’s GDP – some 43%, according to NZIER! On top of that, nearly three-quarters of a million Kiwi jobs depend on it. As an export nation, Aotearoa’s distance from bigger markets also makes trade particularly important.
The topic of diversification continues to pop up in business and trade-related conversations, for instance at the recent China Business Summit in Auckland. Diversification doesn’t need to be ideological or all doom and gloom, but rather an important trend worth keeping on our radar. Trade is in our NZCTA name, after all!
It’s critical to speak proactively and positively about this. As much as people like to make everything black or white nowadays – for or against, in or out – balancing trade is not a zero-sum game.
About the speakers
Siah Hwee Ang is Professor of International Business and Strategy and the Chair in Business in Asia at Victoria University of Wellington. He is also the Director of the NZ’s Southeast Asia Centre of Asia-Pacific Excellence. In these roles, Siah works closely with various stakeholders and companies on their strategies in Asia and Asia’s engagement in New Zealand. Siah’s research centres around the connection between international business and international trade. His works have been published in international top-tier journals and have won several research awards.
Joining Professor Ang will be John Cochrane, formerly NZTE’s Trade Commissioner in Guangzhou and now General Manager at Facteon. John will discuss trade diversification, its disproportionate impact on certain industries over others, and how Facteon – a 40-year-old Auckland business under Chinese ownership since 2012 – sees diversification as good business sense.
Join us online on Tuesday 22nd June to hear all about it, and enjoy a robust Q&A session touching on what this phenomenon could mean for both businesses and wider New Zealand trade alike.