1 00:00:00,040 --> 00:00:01,840 Speaker 1: If you're looking for some of these so called green 2 00:00:01,840 --> 00:00:04,680 Speaker 1: shoots in our beleagud economy, then exporters are doing some 3 00:00:04,720 --> 00:00:07,000 Speaker 1: heavy lifting for US. Two thirds of them have increased 4 00:00:07,080 --> 00:00:09,080 Speaker 1: or maintained their export levels over the past twelve months. 5 00:00:09,119 --> 00:00:12,319 Speaker 1: Fifty nine percent expect even more growth. Felicity Roxburgh is 6 00:00:12,360 --> 00:00:15,200 Speaker 1: the executive director of the New Zealand International Business Forum 7 00:00:15,240 --> 00:00:17,040 Speaker 1: and is with us. Felicity, good morning to you. 8 00:00:17,920 --> 00:00:18,720 Speaker 2: Good morning mate. 9 00:00:18,760 --> 00:00:22,240 Speaker 1: Are we seeing anything tangible yet on the tariffs? 10 00:00:24,400 --> 00:00:27,560 Speaker 2: Well, I mean this is heartwarming to see this positivity, 11 00:00:27,600 --> 00:00:29,680 Speaker 2: isn't it. I mean there's a lot of depressing economic 12 00:00:29,720 --> 00:00:31,680 Speaker 2: news out there at the moment that the export is 13 00:00:31,680 --> 00:00:34,960 Speaker 2: they're there, they're going great guns. But to answer your question, 14 00:00:35,159 --> 00:00:37,680 Speaker 2: I mean the tariff that's going to take time to 15 00:00:37,720 --> 00:00:40,559 Speaker 2: flow through. The latest fifteen percent round of tariff. Some 16 00:00:40,600 --> 00:00:42,720 Speaker 2: of the goods that are on the water, they're still 17 00:00:42,720 --> 00:00:45,320 Speaker 2: not even going to pay those until the fifth of October. 18 00:00:45,720 --> 00:00:49,159 Speaker 2: So a lot of positivity, but yeah, time will tell 19 00:00:49,280 --> 00:00:49,919 Speaker 2: hit wins a hit. 20 00:00:50,159 --> 00:00:51,839 Speaker 1: That's kind of why I asked the question, because this 21 00:00:51,920 --> 00:00:53,880 Speaker 1: is in the rearview mirror of these stats, and you're right, 22 00:00:53,920 --> 00:00:55,680 Speaker 1: they are good. But when you talk about in this 23 00:00:55,720 --> 00:00:59,320 Speaker 1: report looking to diversify. How real and how practical is 24 00:00:59,360 --> 00:01:00,880 Speaker 1: that for a lot of bet exporters. 25 00:01:02,040 --> 00:01:04,240 Speaker 2: Well, I think one of the things that we benefit 26 00:01:04,280 --> 00:01:07,360 Speaker 2: from is this kind of very extensive spaghetti bowl of 27 00:01:07,600 --> 00:01:11,120 Speaker 2: FTA negotiations that our good trade negotiators have been doing 28 00:01:11,400 --> 00:01:15,120 Speaker 2: over many years. So there are opportunities there, and diversification 29 00:01:15,200 --> 00:01:17,240 Speaker 2: has been around for a while. You know, company has 30 00:01:17,280 --> 00:01:21,119 Speaker 2: been talking about options and diversification. But Mike, we can't 31 00:01:21,160 --> 00:01:25,000 Speaker 2: invent new markets overnight. These things take time. You need 32 00:01:25,040 --> 00:01:29,760 Speaker 2: good suppliers, good contexts, good supermarket chains. You know, it's 33 00:01:29,800 --> 00:01:31,640 Speaker 2: not something we can quickly pivot to. 34 00:01:31,959 --> 00:01:34,280 Speaker 1: So the two things you've highlighted UK and Japan when 35 00:01:34,280 --> 00:01:37,160 Speaker 1: we talk about diversification UK, I'm assuming that's out of 36 00:01:37,160 --> 00:01:37,679 Speaker 1: an FDA. 37 00:01:39,400 --> 00:01:41,320 Speaker 2: Yeah, that's right. I should say this is export in 38 00:01:41,360 --> 00:01:44,920 Speaker 2: New Zealand's survey. They're on our board, so they're with us, 39 00:01:44,920 --> 00:01:47,640 Speaker 2: but it's not our International Business Forum survey. But yes, 40 00:01:48,160 --> 00:01:52,600 Speaker 2: UK and Japan they're highlighted the UK FDA and also 41 00:01:52,640 --> 00:01:54,600 Speaker 2: the EU is in there as well, and a billion 42 00:01:54,600 --> 00:01:57,000 Speaker 2: dollars more trade went into the EU last year, so 43 00:01:57,080 --> 00:01:58,520 Speaker 2: that's good news as well. 44 00:01:58,680 --> 00:02:01,040 Speaker 1: Is Japan a slow booners that of upside there. They 45 00:02:01,080 --> 00:02:03,000 Speaker 1: are a very protectionist sort of society. 46 00:02:04,200 --> 00:02:07,160 Speaker 2: They are, But now they're in the CPTPP, which is 47 00:02:07,360 --> 00:02:10,320 Speaker 2: one thing us trade new is absolutely love and we 48 00:02:10,320 --> 00:02:12,280 Speaker 2: were in the you know, we're at the ground pour 49 00:02:12,360 --> 00:02:16,079 Speaker 2: of the CPTPP and there's heaps of opportunities for us 50 00:02:16,200 --> 00:02:17,240 Speaker 2: through that agreement. 51 00:02:17,840 --> 00:02:19,760 Speaker 1: Are we boxing above our wait? So if you look 52 00:02:19,760 --> 00:02:22,280 Speaker 1: at the global outlook, it's subdued, to say the least, 53 00:02:22,840 --> 00:02:24,680 Speaker 1: which would lead you to believe that people don't want 54 00:02:24,680 --> 00:02:26,839 Speaker 1: more stuff. But do they want more stuff if it's good? 55 00:02:26,880 --> 00:02:28,040 Speaker 1: So is that our story? 56 00:02:29,480 --> 00:02:33,359 Speaker 2: Yeah, our high quality premium products. We need people to 57 00:02:34,360 --> 00:02:37,160 Speaker 2: want that and they do, and we need us consumers 58 00:02:37,200 --> 00:02:40,000 Speaker 2: to be prepared to pay more for them because fundamentally, 59 00:02:40,120 --> 00:02:42,720 Speaker 2: these tariffs, they're going to get passed on to the consumer. 60 00:02:43,240 --> 00:02:46,799 Speaker 2: So you know, our wonderful wine, our wonderful beef, all 61 00:02:46,800 --> 00:02:49,160 Speaker 2: of that. You know, that's the story there. 62 00:02:49,480 --> 00:02:52,359 Speaker 1: These numbers are interesting. Twenty five percent don't require any 63 00:02:52,400 --> 00:02:55,640 Speaker 1: assistance from trading enterprise, twenty two percent want more help. 64 00:02:55,720 --> 00:02:58,280 Speaker 1: I find that interesting. Twenty percent seek more support on 65 00:02:58,400 --> 00:03:00,840 Speaker 1: R and D and another twenty percent wanting axis to market research. 66 00:03:01,240 --> 00:03:03,720 Speaker 1: What's the vibe in terms of the relationship with the 67 00:03:03,760 --> 00:03:07,239 Speaker 1: government and what can and can't be done well. 68 00:03:07,320 --> 00:03:10,519 Speaker 2: I think, you know, in this time of uncertainty, there 69 00:03:10,560 --> 00:03:13,280 Speaker 2: is more appetite to work more closely with government and 70 00:03:13,280 --> 00:03:15,320 Speaker 2: that sort of makes sense, it doesn't there because there's 71 00:03:15,320 --> 00:03:18,480 Speaker 2: a lot of unpredictability out there and that's something that 72 00:03:18,520 --> 00:03:22,240 Speaker 2: businesses don't like. You know, unpredictability means are we going 73 00:03:22,240 --> 00:03:24,080 Speaker 2: to make capital investments? Are we going to take on 74 00:03:24,200 --> 00:03:27,440 Speaker 2: new staff? So I have seen these definitely an appetite 75 00:03:27,440 --> 00:03:31,600 Speaker 2: for good, high quality, actionable intelligence because there's so much 76 00:03:31,840 --> 00:03:34,519 Speaker 2: information and noise out there at the moment, so exporters 77 00:03:34,520 --> 00:03:38,280 Speaker 2: are thinking, gosh, what's going to happen overnight in the US. 78 00:03:38,320 --> 00:03:41,680 Speaker 2: So that's what I'm seeing is just appe for engagement, 79 00:03:41,840 --> 00:03:42,240 Speaker 2: good stuff. 80 00:03:42,280 --> 00:03:45,760 Speaker 1: Felicity appreciate it very much. Felicity Roxburgh ed at the 81 00:03:45,800 --> 00:03:49,160 Speaker 1: New Zealand International Business Forum. 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