Boom in New Zealand trade with GCC

THERE has been a region-wide boom in trade between New Zealand and the region in the last year, according to New Zealand Trade and Enterprise (NZTE).
From succulent beef to incredible ice cream, the small nation is packing a powerful punch when it comes to high quality ingredients straight from its shores to the region's hotels, retail outlets and restaurants.
Steve Jones, New Zealand Consul General and Trade Commissioner for Middle East and Africa, said: "Our specialised staff and extensive business links help connect Gulf businesses, investors and entrepreneurs with New Zealand trade and investment opportunities. Our role has always been to help boost export earnings by helping New Zealand businesses looking to set up or grow abroad."
Recent trade figures show a CAGR over the last five years of around 26%, with food and beverages now accounting for 80.2% of New Zealand's total exports to the UAE (2010 figures). Based on this increased demand for New Zealand ingredients, there are now more than 75 New Zealand F&B companies doing business with clients in the UAE.