logo
Germany and New Zealand trade on the up as Fieldays provides important business platform

Germany and New Zealand trade on the up as Fieldays provides important business platform

NZ Herald4 days ago
Daly said since then, there had been 'very significant' interest from German companies to invest in New Zealand.
'Germany is New Zealand's fastest-growing export partner: We have seen a 46% increase in trade from New Zealand to Germany in the first 10 months of the European Union-New Zealand Free Trade Agreement going live.'
German Deputy Ambassador to New Zealand Winnie Switakowski said German companies perceived New Zealand as a secure place to do business with.
'For Germany, New Zealand is a strong and trusted like-minded partner. The EU-NZ Free Trade Agreement provides additional reliability.'
Head of the German delegation to Fieldays, Olaf Schafer, agreed.
'New Zealand is a very important partner for Germany,' he said.
'New Zealand has a very stable economy and works on an extremely high level in the field of bio-economy – it's gold standard.
'There are also lots of similarities in our agriculture, especially regarding the climate and ecological sustainability.
'That's what makes the exchange with New Zealand so rewarding.'
Important connections formed
Daly said having a presence with the German Pavilion at Fieldays had been 'a great profiling piece' for German businesses.
'All of these companies [exhibiting in the pavilion] were small to medium-size enterprises which normally don't have the budget to do this,' she said.
'If you put them all together under the pavilion, it gives them instant brand recognition.
German Deputy Ambassador to New Zealand Winnie Switakowski (from left), head of the German delegation to Fieldays, Olaf Schäfer, and German-New Zealand Chamber of Commerce head of DEInternational, projects & services Iris Heinz in front of the German Pavilion at Fieldays. Photo / Danielle Zollickhofer
'It also de-risked their market entry by getting them connected to the right people straight away.'
Relationships were made on both ends, Daly said, with the team connecting German businesses to the New Zealand market, and New Zealand businesses to the German market.
IFWexpo Heidelberg project manager Gabor Nemet said it had taken four years to get the German Pavilion at Fieldays across the line and now that it happened, the feedback couldn't be better.
'The German exhibitors appreciate the opportunity to understand the New Zealand market better.
'A lot of them even said after one day at Fieldays, they had better and more in-depth conversations with potential clients than they had after five days on some European expos.'
Among the 11 German exhibitors in the pavilion was soil and substrate company Floragard.
Floragard sales manager Asia Pacific Jonathan Kroiss at the stall within the German Pavilion. Photo / Danielle Zollickhofer
Jonathan Kroiss, Floragard's sales manager for Asia/Pacific, said the company would usually participate in gardening-specific expos, but Fieldays had a broader clientele.
'We wanted to find out if there is a market for our products in New Zealand ... It's a comparably small market, but it's all part of a puzzle,' he said.
'There are very interesting trade partners in New Zealand and we were able to make a couple of connections ... The conversations I had were very interesting and highly technical. The people in the field are competent and well-educated.
'We hope to be able to enter the market here soon.'
Germany Trade & Invest research analyst ANZ Carola Gilbert was also full of praise for Fieldays and the German Pavilion.
'I was especially impressed by the Innovation Hub and the conversations with businesses on the ground.
'It was a pleasure to present the opportunities that the German market offers ... and I look forward to further connecting with people and businesses.'
Fieldays impresses
Switakowski said for the German representatives, the concept of Fieldays was unique.
'MPs, CEOs, the economy, politics and the customers all come together. This is a unique opportunity to do business.'
The 'uniqueness' of Fieldays was also acknowledged by Schäfer.
'I am impressed, especially by the start-up scene and I take home a lot of interesting ideas, including in the areas of innovation and upscaling.
'For a lot of New Zealand businesses the question is not 'How do we get results from scientific research', but 'How can we make the research results practicable'.'
The pavilion had also been successful from a visitor perspective, Switakowski said.
'Lots of people visited the pavilion and told us that they went for a holiday to Germany or that they learned German in high school.
'It was an exchange of lots of little stories of German-New Zealand connections.'
The interviews were conducted partly in German, with translation provided by the reporter.
Danielle Zollickhofer is the Waikato news director and a multimedia journalist. She joined NZME in 2021 and is based in Hamilton.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

EU, Canada slapped with higher tariffs; Ukraine kills agents
EU, Canada slapped with higher tariffs; Ukraine kills agents

National Business Review

time2 days ago

  • National Business Review

EU, Canada slapped with higher tariffs; Ukraine kills agents

Good morning and welcome to your Monday recap of the international business and political stories making headlines. First, The European Union has delayed retaliatory tariffs on US exports until August. Last week, US President Donald Trump wrote a letter announcing his plans to impose 30% tariffs on EU imports from August 1. He warned that if the trade partner retaliated, he would hit back by raising tariffs above 30%, the BBC reported. European Commission President Ursula von der Leyen said the EU would extend the suspension of its countermeasures. "At the same time, we will continue to prepare for the countermeasures so we're fully prepared." German Chancellor Friedrich Merz said the 30% tariffs would hit exporters in Europe's largest economy 'to the core' if a trade solution can't be reached, Bloomberg reported. He was coordinating closely with other EU leaders to ensure tariffs of that level don't go ahead. 'That requires two things: unity in the European Union and good lines of communication with the American president.' Canadian Prime Minister Mark Carney. Meanwhile, Trump announced a 35% blanket tariff on imports from Canada, up from 25% announced in February, the ABC reported. Trump justified the tariffs as necessary to manage the opioid crisis, which he said was partly because of fentanyl being smuggled into the US from Canada. In Ukraine, the Security Service said it had killed Russian special service agents suspected of killing a fellow officer in Kyiv last week, claiming Russia's Federal Security Service was responsible, CNN reported. SBU officer Ivan Voronych was shot dead in an apparent assassination. The suspects attempted to keep a low profile after the shooting, however, officers established their whereabouts. 'As a result of covert investigative and active counterintelligence measures, the enemy's lair was discovered. During their arrest, they began to resist, there was an exchange of fire, and the scoundrels were eliminated,' officials said. In the UK, GDP declined again in May and put pressure on Chancellor Rachel Reeves before a tough budget in the autumn, the Guardian said. Stronger-than-expected growth would have helped to alleviate the squeeze on public finances. The 0.1% decline in May followed a 0.3% contraction in April. Economists expect the Bank of England to cut rates in August. 'May's downbeat outturn means a contraction in GDP across the second quarter looks a racing certainty,' said Suren Thiru of the Institute of Chartered Accountants. UK Chancellor Rachel Reeves. In the Middle East, Syria finalised an US$800 million agreement with Dubai-based DP World to redevelop its Tartous Port to help increase post-war reconstruction, Al Jazeera reported. Syrian officials described the deal as a key step towards modernising the country's logistics infrastructure. Since the fall of former President Bashar al-Assad in December, Syria's new leadership had been pushing to re-establish economic ties with international companies. DP World chief executive Sultan Ahmed bin Sulayem said Syria's economic potential remained strong. 'Syria possesses valuable assets … and Tartous is an essential hub for trade and exports. We aim to transform it into one of the world's leading ports.' In Italy, the Agnelli family's John Elkann and his siblings agreed to pay about €175m to settle a probe over alleged tax evasion, Bloomberg reported. A spokesperson for the siblings confirmed an agreement with Italy's Revenue Agency. The deal was reached 'with the aim of swiftly and definitively resolving a painful matter on a personal and family level'. The tax investigation focused on allegations the siblings didn't pay Italian taxes on assets they inherited after the death of their grandmother. Elkann is chair of global carmaker Stellantis, the manufacturer of several brands including Fiat and Peugeot.

EU's new Russia sanctions aim for more effective oil price cap
EU's new Russia sanctions aim for more effective oil price cap

RNZ News

time3 days ago

  • RNZ News

EU's new Russia sanctions aim for more effective oil price cap

By Andrew Gray and Lili Bayer , Reuters EU Commission Vice-President and High Representative for Foreign Affairs and Security Policy Kaja Kallas. Photo: JONATHAN RAA / NurPhoto via AFP The European Union has agreed an 18th package of sanctions against Russia over its war in Ukraine, including measures aimed at dealing further blows to the Russian oil and energy industry. The EU will set a moving price cap on Russian crude at 15 percent below its average market price, EU diplomats said, aiming to improve on a largely ineffective US$60 cap that the Group of Seven major economies have tried to impose since December 2022. "The EU just approved one of its strongest sanctions packages against Russia to date," EU foreign policy chief Kaja Kallas said on X. "We will keep raising the costs, so stopping the aggression becomes the only path forward for Moscow." Yet Russia has so far managed to sell most of its oil - the lifeblood of its state finances - above the previous price cap as the current mechanism makes it unclear who must police its implementation. Traders doubt the new EU sanctions will significantly disrupt Russian oil exports. Kremlin spokesman Dmitry Peskov shrugged off the EU move, which would, at current prices, aim to cap the price of Russian crude at roughly US$47.60 per barrel. Benchmark Brent futures rose marginally on Friday to about US$70. "We have repeatedly said that we consider such unilateral restrictions illegal, we oppose them," Peskov told reporters. "But at the same time, of course, we have already acquired a certain immunity from sanctions, we have adapted to life under sanctions." The package also bans transactions related to Russia's Nord Stream gas pipelines under the Baltic Sea, and with Russia's financial sector. Kallas said 105 ships in Russia's "shadow fleet", the term used by Western officials for ships that Moscow uses to circumvent oil sanctions, had been blacklisted, along with Chinese banks that "enable sanctions evasion", which she did not name. Ukrainian President Volodymyr Zelensky called the decision "essential and timely" as Russia intensifies its air war on Ukrainian cities and villages. Foreign Minister Andrii Sybiha added: "Depriving Russia of its oil revenues is critical for putting an end to its aggression." The European Union and Britain have been pushing to lower the G7 cap for the last two months after a fall in oil futures made the level of US$60 a barrel largely irrelevant. But the United States has resisted, leaving the EU to move forward on its own, but with only limited power to enforce the measure, analysts and oil traders say. As the dollar dominates global oil transactions, and US financial institutions play the central role in clearing payments, the EU cannot block trades by denying access to dollar clearing. Agreement on the new EU package was held up for weeks as Slovakian Prime Minister Robert Fico demanded concessions on a separate plan to phase out EU dependence on Russian oil and gas. Fico announced on Thursday night that he was ending his opposition. Countries such as Greece, Cyprus and Malta had expressed concerns about the effect of the oil price cap on their shipping industries. But Malta, the last of the trio to hold out, also came on board on Thursday. - Reuters

Luxury Italian Furniture Showroom Offers Contemporary Designs In Newmarket
Luxury Italian Furniture Showroom Offers Contemporary Designs In Newmarket

Scoop

time3 days ago

  • Scoop

Luxury Italian Furniture Showroom Offers Contemporary Designs In Newmarket

Ultimate Living, a furniture retailer based in Newmarket, Auckland, continues to provide a wide range of contemporary Italian furniture for residential and commercial spaces. The company specialises in importing luxury Italian designer pieces, as well as German kitchens, and manufactures custom cabinetry in its Auckland workshop. The furniture in Newmarket showroom features products from leading Italian brands such as Cattelan Italia, Nicoline, Lago, Himolla, and Eforma. Each item is 100% designed and made in Italy, with most products covered by a 20-year warranty. The store's collection includes dining tables, chairs, sofas, beds, wall units, lighting, and accessories. In addition to imported items, Ultimate Living offers bespoke cabinetry solutions, including wall units, wardrobes, and entertainment units, crafted locally. Ultimate Living is recognised as a destination for Auckland designer furniture, catering to clients seeking modern aesthetics and high-quality craftsmanship. The Newmarket showroom allows visitors to view and experience the full range of products, including four German kitchens on display. The company also serves customers throughout New Zealand, with online ordering available for those outside the Auckland region. The showroom is located at 96d Carlton Gore Road, Newmarket, Auckland, and is open seven days a week. Ultimate Living's team assists customers with furniture selection, space planning, and custom design requirements. Further information about collections, brands, and services can be found on the company's website. For enquiries, the showroom can be contacted by phone or email, and free parking is available for visitors behind the premises.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store