1 00:00:00,200 --> 00:00:03,160 Speaker 1: The government signed a new standards agreement with Australia. It 2 00:00:03,279 --> 00:00:07,320 Speaker 1: covers areas like AI, data management and cyber security. Scott 3 00:00:07,360 --> 00:00:11,120 Speaker 1: Simpson did this. He's our Commerce and Consumer Affairs Minister. 4 00:00:11,680 --> 00:00:14,200 Speaker 1: He says it's going to lower costs for businesses. Brad 5 00:00:14,200 --> 00:00:15,960 Speaker 1: Olson Informetrics with us this morning. 6 00:00:16,000 --> 00:00:17,680 Speaker 2: Hey Brad, good morning. 7 00:00:17,920 --> 00:00:19,239 Speaker 1: What is this thing. 8 00:00:20,560 --> 00:00:23,720 Speaker 2: Well, it's effectively making sure that all of this sort 9 00:00:23,720 --> 00:00:26,160 Speaker 2: of real base level standards, so the various things that 10 00:00:26,880 --> 00:00:29,440 Speaker 2: businesses have to do when they're operating in either New 11 00:00:29,560 --> 00:00:33,440 Speaker 2: Zealand or Australia are aligned. So if you're someone who's 12 00:00:33,479 --> 00:00:36,519 Speaker 2: offering services or try and offer services in both countries, 13 00:00:36,720 --> 00:00:38,200 Speaker 2: you don't want to have to fill out two sets 14 00:00:38,200 --> 00:00:41,199 Speaker 2: of paperwork and sort of conform to two different standards 15 00:00:41,200 --> 00:00:44,520 Speaker 2: to do effectively the same work. We're so close with Australia. 16 00:00:44,560 --> 00:00:47,199 Speaker 2: They are one of our biggest trading partners, certainly in 17 00:00:47,240 --> 00:00:51,000 Speaker 2: the services industry, and so effectively this is meant to 18 00:00:51,440 --> 00:00:54,120 Speaker 2: allow a lot of businesses who do trans Tasman to 19 00:00:54,160 --> 00:00:57,120 Speaker 2: do that a whole lot more efficiently. Whereas, and this 20 00:00:57,160 --> 00:00:59,400 Speaker 2: is the challenge that we continue to hear from businesses 21 00:01:00,160 --> 00:01:02,800 Speaker 2: Otherwise the sort of start doing all that paperwork. They're 22 00:01:02,800 --> 00:01:04,200 Speaker 2: trying to sort of figure out how they do the 23 00:01:04,200 --> 00:01:06,080 Speaker 2: base stuff. They don't actually have the time to do 24 00:01:06,200 --> 00:01:08,720 Speaker 2: actual work and then make money. So this is a 25 00:01:08,720 --> 00:01:11,720 Speaker 2: good move. It's not something that I don't think consumers 26 00:01:11,760 --> 00:01:13,320 Speaker 2: are going to notice a whole lot. They're not going 27 00:01:13,360 --> 00:01:15,720 Speaker 2: to be looking at ENZ standard three zero one eight five, 28 00:01:16,080 --> 00:01:18,520 Speaker 2: But it's going to make a difference to businesses not 29 00:01:18,600 --> 00:01:20,480 Speaker 2: having all that admin to do in the background. 30 00:01:21,080 --> 00:01:25,000 Speaker 1: Which way does more business go trans tasmin wise from 31 00:01:25,080 --> 00:01:27,000 Speaker 1: US to them or them to US. 32 00:01:28,040 --> 00:01:33,920 Speaker 2: Looking at services activity, the Australia is the second largest 33 00:01:34,480 --> 00:01:37,760 Speaker 2: export area that we export our services too, so we 34 00:01:37,840 --> 00:01:40,640 Speaker 2: send services over there now that includes things like tourism 35 00:01:40,720 --> 00:01:42,280 Speaker 2: as well, and it's a little bit tricky on the 36 00:01:42,280 --> 00:01:45,680 Speaker 2: services side to break down other bits and pieces, but 37 00:01:45,720 --> 00:01:48,120 Speaker 2: in terms of overall trade, they're sort of second or 38 00:01:48,160 --> 00:01:51,960 Speaker 2: third largest after China and the US, so they are 39 00:01:52,040 --> 00:01:55,800 Speaker 2: vitally important. And I think the other big reason that 40 00:01:55,840 --> 00:01:58,520 Speaker 2: these sort of changes make such a difference is because 41 00:01:58,560 --> 00:02:00,920 Speaker 2: we've obviously seen such a big flow of New Zealanders 42 00:02:00,960 --> 00:02:03,400 Speaker 2: who go across to Australia and they sort of often 43 00:02:03,440 --> 00:02:06,040 Speaker 2: take their skills at points in the past. Maybe not 44 00:02:06,080 --> 00:02:07,880 Speaker 2: so much at the moment, but they do often then 45 00:02:07,960 --> 00:02:11,400 Speaker 2: come back or you know, have families back in New 46 00:02:11,440 --> 00:02:14,920 Speaker 2: Zealand and the Lakes. So there is some real importance 47 00:02:14,960 --> 00:02:17,079 Speaker 2: here and some of the areas that the government are 48 00:02:17,120 --> 00:02:20,200 Speaker 2: noting they should make a bit of a difference under 49 00:02:20,200 --> 00:02:22,359 Speaker 2: the hood for a lot of businesses. You know, you're 50 00:02:22,360 --> 00:02:26,000 Speaker 2: talking about the likes of electrical installations, you're looking at 51 00:02:26,000 --> 00:02:29,799 Speaker 2: civil engineering, you know, parts around building design and construction. 52 00:02:30,040 --> 00:02:32,240 Speaker 2: And probably the biggest one is that there's actually twenty 53 00:02:32,280 --> 00:02:35,560 Speaker 2: four standards that previously we had in certain areas that 54 00:02:35,639 --> 00:02:37,560 Speaker 2: we sort of got out of kilter. The Aussies went 55 00:02:37,600 --> 00:02:40,280 Speaker 2: one way, we'd gone another, and so again you're probably 56 00:02:40,320 --> 00:02:42,880 Speaker 2: having businesses out there that are effectively having to employ 57 00:02:42,919 --> 00:02:45,040 Speaker 2: a whole other person just to sort out the paperwork 58 00:02:45,080 --> 00:02:47,360 Speaker 2: on this stuff. Now at least they'll be a little 59 00:02:47,400 --> 00:02:49,760 Speaker 2: bit more aligned. And look, talking of businesses, there's a 60 00:02:49,760 --> 00:02:53,040 Speaker 2: whole lot of stuff they want to do more, better, faster, stronger, 61 00:02:53,200 --> 00:02:55,960 Speaker 2: but these sort of things they are I guess that 62 00:02:56,080 --> 00:02:58,720 Speaker 2: the main below the surface issues that if you don't 63 00:02:58,720 --> 00:03:00,679 Speaker 2: get them right, they're just such an idiot barrier to 64 00:03:00,720 --> 00:03:03,760 Speaker 2: a lot of businesses. Oftentimes people go it's not worth 65 00:03:03,800 --> 00:03:05,560 Speaker 2: it to do that work. So this should free up 66 00:03:05,560 --> 00:03:08,000 Speaker 2: a lot of capacity across the system as we go forwards. 67 00:03:08,000 --> 00:03:12,440 Speaker 1: All right, Brad, appreciate that update This morning. Brad Olson Informetrics. 68 00:03:12,080 --> 00:03:15,040 Speaker 2: For more from Early Edition with Ryan Bridge. Listen live 69 00:03:15,160 --> 00:03:18,160 Speaker 2: to News Talks it'd be from five am weekdays, or 70 00:03:18,240 --> 00:03:20,160 Speaker 2: follow the podcast on iHeartRadio.