New Zealand: Quarantine-free travel between New Zealand and Australia is set to commence form 19th April 2021. Austrade posts have received an increased level of enquiry regarding trade opportunities as a result of this announcement, especially in agribusiness, food and beverage, health, defence, and advanced manufacturing.
New Zealand – Trade and Investment Queensland (TIQ) now has a presence in New Zealand, and is collocated with Austrade in Auckland. It will focus initially on five areas: food and agribusiness; health and wellness; infrastructure and construction; knowledge and innovation; and investment.
Papua New Guinea – The impact of COVID-19 continues to worsen. A national lockdown is in place. Compliance levels are concerning and health services are under stress. Aid programs and vaccination programs are escalating, but COVID-19 factors add to ongoing political and economic uncertainties to increase risks for Australian companies.
Fiji and the Pacific – Economic stresses continue to grow across the region. Covid-19 has virtually ended tourism receipts in most Pacific nations. Consequently, the regional economic outlook continues to deteriorate. Discussions regarding a Pacific bubble continue, however, and the Austrade Team in Suva is researching importer and supply chain needs in anticipation of relaxed border restrictions.
The Pacific – Austrade in New Zealand reports numerous opportunities for construction, upgrade and development projects in multiple Pacific islands. These are detailed in the latest edition of Pacific News.