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Published on : Friday, May 19, 2017
Mr. Gerry Brownlee, New Zealand Foreign Minister explained on Thursday that participating in Dubai 2020 will give huge economic and entrepreneurial benefit to the Kiwi businesses and they should take full advantage of it.
In the meantime, Brownlee brought to the forefront the Cabinet paper and Indicative Business Case (IBC) supporting attendance rate of New Zealand at the World Expo which would take place in Dubai, United Arab Emirates (UAE) in 2020.
The government is all geared up and committed 53.3 million NZ dollars (36.93 million U.S. dollars) via Budget 2017. Besides, it has also been proposed that in the coming four years proper designing, construction and operation would be done to promote a New Zealand Pavilion that will help out Kiwi businesses to showcase their ground-breaking products and services and open avenues to export markets, Brownlee said.
To quote Brownlee, ‘our 53.3 million NZ dollars is about 0.5 percent of current New Zealand exports to the Gulf States.’
Brownlee also observed that ever since New Zealand’s participation in the Shanghai Expo in 2010, with a free trade agreement with China in place, exports have increased 300 percent more like it jumped from over 2 billion to more than 6 billion NZ dollars.
Tags: Mr. Gerry Brownlee