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NEW ZEALAND'S middle-of-the-road 'space' in export markets has a potential three billion people, Trade Minister Tim Groser says.
"Our space in the market has not been always at the absolute top end. That's for Louis Vuitton and companies like that," he said at the recent opening of dairy-based manufacturing and marketing company New Image Group's new $10 million plant at Penrose, Auckland.
"It certainly isn't at the low end – it's that middle... [where] we do well, whether it is tourism, education or food and beverages. That's New Zealand's space and it's a very good space to be in.
"We now have through the extraordinary economic development occurring in emerging Asia, a middle class that is our market and it did not really exist in a meaningful way until recently.
"It is now about 500 million and all the projections tell us that as soon as 2030... that's going to be 3 billion people.
"That is our market; China is the single most important part of that. I am also very conscious of other great countries like India, Indonesia, Philippines – all of these other countries have a great future ahead of them."
Groser jointly opened the new plant with New Image executive chairman Graeme Clegg.
Among new capabilities of New Image's Penrose plant is HPP technology used to manufacture its new health drink called Col + colostrums to add to the company's range of colostrum-based health products
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Dairy, kiwifruit, apples, cherries and wine are among winners in the "spectacular" growth in exports to Chinese Taipei in the last two years, says Trade Minister Tim Groser.
A free trade agreement could be on the cards for New Zealand and the EU, says the Delegation of the European Union to New Zealand.
Rural Women New Zealand (RWNZ) says access to personal banking services in rural communities is fundamental to promoting outcomes that benefit Kiwi consumers.
A group set up to boost education and promotion of wool says it has made positive strides during the first year of its three-year strategy.
Meat processor ANZCO Foods says despite a challenging business environment, it has posted a net profit before tax of $61 million for 2023.
The deer industry is working on getting more venison into Asia.
The red meat sector is welcoming the start of trade negotiations between New Zealand and the United Arab Emirates (UAE).
Meat processor Alliance Group's cash-strapped farmer shareholders face a dilemma - either pour more money into the co-operative or risk losing 100% ownership and control.
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