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Speaker 1: Trades on the agenda in Wellington tonight. The OECD's Secretary

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Speaker 1: General is in town for his first official visit to

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Speaker 1: New Zealand and Brad Olson in for Metric's principal economist,

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Speaker 1: is there. Hey, Brad, good evening. So what's the message

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Speaker 1: that he's delivering.

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Speaker 2: I think just a sort of a complicated messaging that

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Speaker 2: we've been hearing a lot the last year or so. Look,

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Speaker 2: New Zealand is trying to grow our trade. The governments

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Speaker 2: of course set that expectation to double the value of

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Speaker 2: trade over the next decade. But at the same time

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Speaker 2: we're all navigating those difficult international conversations. There's a lot

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Speaker 2: more geopolitical risk and challenge out there, and so you know,

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Speaker 2: we're working through all of that. But I think as well,

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Speaker 2: it was quite interesting to hear from the Secretar General

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Speaker 2: that focus that is coming through a lot at the

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Speaker 2: moment on economic growth. We know that the rest of

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Speaker 2: the world is still sort of struggling through those high inflation,

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Speaker 2: high interest rate times, but the area of Southeast Asia

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Speaker 2: was singled out as a real growth area at the moment,

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Speaker 2: and of course that's somewhere where New Zealand has a

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Speaker 2: lot more focus in recent time, so encouraging to see

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Speaker 2: that sort of profile and spotlight on our part of

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Speaker 2: the world.

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Speaker 1: We apparently want to double trade in the next ten years,

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Speaker 1: well not apparently, we do. We want to double trade

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Speaker 1: in the next ten years. Two way trade between ourselves

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Speaker 1: and thirty eight OECD nations is something like fifty billion dollars.

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Speaker 1: How much more can we push that up?

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Speaker 2: Well, and I think that's a sort of a really

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Speaker 2: interesting question as we look through over time, because and

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Speaker 2: what I was a little bit struck by was that

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Speaker 2: we heard from the Secretary General that New Zealand has

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Speaker 2: done extra ordinary well, you know, promoting our products and

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Speaker 2: similar on the global stage. And so I think it's

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Speaker 2: one of those areas where when we're thinking about the future,

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Speaker 2: is it the same sort of products that we've always

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Speaker 2: been providing out or actually the brand new products that

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Speaker 2: we can think of into the future. And I think

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Speaker 2: it's that area that sort of you know, dreaming up newer, bigger,

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Speaker 2: shinier stuff that we've got to be focused on.

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Speaker 1: Now. The Prime Minister is off to Malaysia and I

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Speaker 1: think it's South Korea next week. I mean, do you

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Speaker 1: think these are important trade trips.

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Speaker 2: I think it's sort of critical. I mean, here were

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Speaker 2: you know, little of New Zealand tea of five million

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Speaker 2: in the team of eight billion globally. You know, we

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Speaker 2: don't necessarily register on everyone's scale each and every day.

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Speaker 2: So by being able to get out there, I think,

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Speaker 2: you know, we do actually sort of promote our sales

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Speaker 2: up the border bit more. I have sort of been,

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Speaker 2: you know, quite encouraged by the fact that, you know,

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Speaker 2: you have seen government ministers out across the world. There's

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Speaker 2: been a lot of international trips. We've seen the Prime

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Speaker 2: Minister already, you know, often in Japan and similar earlier

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Speaker 2: this year. You know, we've had the Trade minister out

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Speaker 2: across the world. In fact, there was a stop last year.

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Speaker 2: I don't think he literally slept. He slept only on

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Speaker 2: planes rather than booking a hotel room. So all of

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Speaker 2: this is encouraging. Of course, had the UN Secretary General

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Speaker 2: here last week, the OECD Secretory General here at the moment,

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Speaker 2: like it does feel like there is a real international

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Speaker 2: focus coming from New Zealand at the moment, and I

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Speaker 2: am encouraged because that's the way we're going to have

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Speaker 2: to make connections. We're going to have to trade with

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Speaker 2: those connections, and the way you do that is by

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Speaker 2: pressing the flesh and getting in front of people.

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Speaker 1: Brad, it's good to talk to you, mate, Go and

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Speaker 1: enjoy the evening. That's Brad Olson, Infametrics principal economist.

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