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Thailand attracts new investment from New Zealand businesses

November 21, 2013 Destination Thailand No Comments Email Email

New Zealand continues to strengthen its business relationships with Thailand as New Zealand Prime Minister Rt. Hon John Key leads a business delegation to the country this week.

Twenty-two New Zealand companies across the manufacturing, information technology and food and beverage sectors will pursue trade links in Thailand, with several set to announce new deals and expansions in the Kingdom.

F7755941BD4ECC96DF9B7EE96731934F1New Zealand’s Minister of Primary Industries, Hon. Nathan Guy, will also accompany the delegation.

“New Zealand recognises the opportunities Thailand presents as one of Southeast Asia’s largest economies. The number of companies travelling to Thailand reflects the depth of New Zealand’s business relationships in the country and a desire to further strengthen our partnerships in trade and investment,” says Karen Campbell, New Zealand’s Trade Commissioner to Thailand.

“New Zealand companies have an excellent reputation in Thailand as being innovative, trustworthy and customer-focused. We are excited to host these companies, many of whom have an excellent track record of success here and plan to further invest in the country.”

During the visit, Prime Minister will conduct bilateral meetings with Thai Prime Minister Yingluck Shinawatra, who was recently in New Zealand.

As two strong food-growing and producing nations, Thailand and New Zealand continue to work together to boost one another’s success in this industry. Thai consumers are increasingly demanding complementary high-quality food and beverage, and New Zealand products are become more commonplace in local restaurants and grocery stores.

In 2012, New Zealand exports to Thailand amounted to THB 14.99 billion (USD 471.82 million), with food and beverage products accounting for 73 percent (THB 10.96 billion, USD 345.20 million) of the total.

New Zealand’s international reputation for innovation and expertise in manufacturing, infrastructure and logistics has also created opportunities to build partnerships in Thailand, with several companies setting up local production bases or partnering with local business.

Thailand is now placing a greater emphasis on security as the country emerges as a powerhouse of ASEAN. New Zealand companies supply specialist security technology and logistics for infrastructure projects as well as to further modernise hospital systems.

Meanwhile, New Zealand’s niche technologies support Thailand’s strong manufacturing industry, and announcements from several businesses in the delegation are expected to reinforce these relationships.

The business delegation is in Thailand from 17-20 November.

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