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Speaker 1: Now there's a big event going on in Malaysia bringing

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Speaker 1: the three regions of New Zealand, Australia and Southeast Asia

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Speaker 1: together and informtric's principal economists. Brad also never want to

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Speaker 1: miss a party. Is at this party?

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Speaker 2: Brad, Hello, good afternoon.

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Speaker 1: So you guys are all there to kind of nut

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Speaker 1: out how we all make money off each other.

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Speaker 2: Yeah, oh, I mean I don't think that's the official word,

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Speaker 2: but that is definitely part of it. I mean, you

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Speaker 2: look at Asian and the sort of wider Southeast Asian region.

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Speaker 2: It's important to New Zealand, it's important to Australia, and

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Speaker 2: so I'm part here as part of delegation with the

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Speaker 2: Asian New Zealand Foundation to have some of those conversations. Normally,

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Speaker 2: right for these international things, you get the diplomats in

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Speaker 2: the room, you get the Prime Minister in that in

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Speaker 2: the room. Those are good conversations. But sometimes you want

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Speaker 2: to take it down a level. You want to get

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Speaker 2: the business people, the academics, the policy researchers to actually

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Speaker 2: sort of talk a little bit more, you know, unhinged

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Speaker 2: almost about things. But I mean you look at the

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Speaker 2: numbers and you sort of see why this sort of

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Speaker 2: conversation is important for New Zealand. Over the US twelve months,

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Speaker 2: twenty six billion dollars worth of two way trade between

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Speaker 2: Asian and New Zealand. If it was a country, it'd

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Speaker 2: ab our fourth largest trading partner. So all of that

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Speaker 2: is critically important, and especially to time when we're trying

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Speaker 2: to grow our exports. We're trying to think about who

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Speaker 2: and how we trade with and diversify our options. So

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Speaker 2: it's a good conversation bear part of so what.

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Speaker 1: Business opportunities have we got in these regions that we

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Speaker 1: are not already tapped into.

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Speaker 2: I mean there's quite a few. There's obviously trying to

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Speaker 2: continue to upgrade what we've already got. You know, if

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Speaker 2: we look at what we trade often into Southeast Asia,

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Speaker 2: it is the traditional exports for the New Zealand, the

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Speaker 2: likes of you know, dairy tourism, fruits and meats and

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Speaker 2: the like, but also importantly making sure we've got the

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Speaker 2: ability to get the stuff we need in from the region.

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Speaker 2: So the likes of a lot of our oil, a

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Speaker 2: lot of our vehicles, a lot of our manufacturing comes

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Speaker 2: from Southeast Asia into New Zealand and that's also coming

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Speaker 2: at a time when, of course you look at sort

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Speaker 2: of the security issues around the world, there's a lot

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Speaker 2: of geopolitical positioning. There's concerns around you know, the US

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Speaker 2: elections coming up, about a week of Chinese economy, and

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Speaker 2: increasingly we're seeing more and more businesses across the world

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Speaker 2: looking to Southeast Asia in terms of manufacturing, so they're

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Speaker 2: not caught up in too much of these geopolitical issues.

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Speaker 2: That means that if New Zealand wants to still maintain

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Speaker 2: good supply chains and good ability to move stuff in

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Speaker 2: and out of New Zealand and trade with the world,

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Speaker 2: we've sort of got to be here. So I think

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Speaker 2: a lot of it is about shoring up what we've

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Speaker 2: currently got and ensuring that we're sort of part of

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Speaker 2: the conversation rather than being bypassed.

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Speaker 1: Are we all heavily heavily, heavily heavily reliant on China

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Speaker 1: managing to make this thing work?

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Speaker 2: In a sense? I think actually what's come out in

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Speaker 2: the conversation so far today has been a little bit

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Speaker 2: of a focus on well, how do we do it

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Speaker 2: ourselves a little bit more, And that's not deliberately moving

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Speaker 2: away from China or towards any other area. It's more

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Speaker 2: saying well, instead of sort of trying to second guess

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Speaker 2: how every other country in the world might do their

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Speaker 2: own thing, and the worries around all that risk, like

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Speaker 2: you say, of having eggs all in the one basket,

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Speaker 2: How can New Zealand how can some of the other

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Speaker 2: partners that we work with, like Arzion next year it's

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Speaker 2: fifty years of you know, engagement and diplomacy with the region.

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Speaker 2: That sort of says that actually, we can work on

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Speaker 2: some quite cool stuff together. We can think about particularly

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Speaker 2: New Zealand's got some good stuff in the green energy

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Speaker 2: space that Southeast Asia is looking at. So I think

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Speaker 2: there's a lot where we're offering up our expertise. We

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Speaker 2: obviously have a lot of people that come, a lot

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Speaker 2: of travelers from New Zealand that head out to the

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Speaker 2: region as well, and then it's that sort of the

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Speaker 2: goods and the services trade. So I think there are

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Speaker 2: some big opportunities. I mean, you look at the numbers

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Speaker 2: and I think this is the surprising challenge. New Zealand

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Speaker 2: often doesn't think as much about sort of let's call

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Speaker 2: it countries five through twenty in terms of our top

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Speaker 2: ten or our top twenty trade opportunities. We think of

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Speaker 2: the few big ones at the top, it's actually still

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Speaker 2: a lot of those slightly smaller but still pretty big

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Speaker 2: trade opportunities that we could grow to a whole new level.

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Speaker 2: Brilliant stuff.

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Speaker 1: Brad enjoy yourself, really appreciate it. Thanks for talking to

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Speaker 1: us from Malaysia. That's Brad Awsome in for Metrix Principle Economists.

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