Gold Coast trade soars in NZ
A unique bond between New Zealand and Australia’s Gold Coast is flourishing as demand for trans-Tasman trade builds on the back of the quarantine-free travel bubble. Capitalising on this relationship are local Gold Coast businesses accelerating the city’s economic recovery. In 2019-20, Gold Coast exported $4.88 billion in products and services internationally, led by the rapidly growing manufacturing, health care, transport and education sectors. “Our city’s economy is driven by small businesses with around 66,000 registered today,’’ Gold Coast Mayor Tom Tate said. “New Zealand is an attractive market for many businesses. We share so much through sport, education and social connectivity given the high New Zealand ex-pat population here in our city.” Trade and Investment Queensland Director Business Development New Zealand, Richard Simpson, said the Gold Coast was an attractive trade destination given its diverse range of businesses and industry sectors. “Market diversification is critical. There are tremendous opportunities coming out of Covid that can be capitalised on,” Simpson said. “As a result of the close, long-standing relationship between New Zealand and the Gold Coast, the economic opportunity has never been greater. “Collaboration is key, and there are programs and initiatives here on the Gold Coast and across Queensland that can help businesses break into the New Zealand market.” Senior Business Development Manager at the Australian Trade and Investment Commission, Philippa Hawken, said there were unique benefits for Australian businesses looking to trade with New Zealand.“A long-standing free trade agreement signed in 1983, and the subsequent single economic market agenda, allows Australian products to enter duty free – a huge financial incentive for Australian businesses trading to New Zealand,” said Hawken. “Australia and New Zealand have a mutual recognition of skills and occupations, so there’s no need to retrain or practice in the same skill or occupation in New […]