Trade representatives share insights in Te Taumata hui

Trade representatives share insights in Te Taumata hui

Te Taumata brought together key trade representatives in a highly productive and insightful hui this week, discussing the challenges facing New Zealand and Māori businesses navigating the current economic climate.

New Zealand Trade and Enterprise Chief Executive Peter Chrisp says COVID-19 has exposed the fragility of the interconnected global trading system that New Zealand and the Māori economy is entwined in.

Mr Chrisp explained there were two strategies for New Zealand and Māori businesses to pursue and succeed in their global trade endeavours:

1.     Be the lowest cost producer if you are in the commodity space or;

2.     Move up the value chain into premium products aimed at wealthy economies

New Zealand’s lead trade negotiator Vangelis Vitalis contributed to the kōrero by laying out the enormous challenges in negotiating free trade agreements with the rest of the world and the growing level of protectionism in response to COVID-19.

Mr Vitalis says an immediate goal of these negotiations is to broaden the FTA coverage across the world and to geographically diversify market options for Māori producers.

Negotiations are well underway with the United Kingdom and the European Union and it is hoped these will be concluded this year.

Te Taumata Chair Chris Karamea Insley says within the next 20 years, based current economic projections, the Māori economy will grow from its current size of about $70 billion to equal the size of the whole New Zealand economy.

Mr Insley says this week’s hui offered an opportunity to pause and take stock of the thoughts and opinions of the hundreds of whānau and Māori business leaders who have attended regional trade hui in the past 12 to 18 months. 

Mr Insley says his team have heard whānau saying they never understood our role in trade, but they do now and understand it will create jobs for our whānau, here at home.

From the incredible insights from leading trade negotiators, analysts, Māori business leaders and our Te Taumata team, we are well poised to lay out a 100-year pathway to support our Māori businesses (small, medium and large) to successfully navigate through these uncertain global trade times.

This is being done through both trade policy attuned to particular needs and interests of Māori, and business support policy and programmes from Government.

The benefits of these efforts now will ripple back to our whānau and mokopuna for generations to come, Mr Insley says.



Canadian Council for Aboriginal Business

CCAB delivers programs that facilitate the growth of Indigenous business, build relationships between Indigenous and non-Indigenous business, and ensure life-long learning for Indigenous entrepreneurs, and other Canadian business leaders. These efforts recognise the central role that Indigenous business and communities hold in the future of Canada.
Our mission is to promote, strengthen and enhance a prosperous Indigenous economy through the fostering of business relationships, opportunities and awareness for all of our members.

Ministry of Foreign Affairs and Trade

The Ministry acts in the world to make New Zealanders safer and more prosperous.
E mahi ana te Manatū i te Ao kia whai haumaru me te whai rawa mo Aotearoa.
New Zealand’s security and prosperity depend on the conditions in, and our connections with, the wider world. This means we must engage with – and seek to influence – other countries to our advantage, in line with New Zealand’s values and interests including that of Maori.

New Zealand Trade and Enterprise

New Zealand Trade and Enterprise (NZTE) is the government agency charged with helping New Zealand businesses to grow internationally.
We use our extensive knowledge and global networks to help exporters of all sizes make better decisions and connect to the right partners and investors.
We connect international businesses and investors with high-value growth opportunities in New Zealand.
By supporting New Zealand businesses, we boost New Zealand's economy and reputation, and help to share what's special about New Zealand with the rest of the world.

Callaghan Innovation

We are New Zealand's innovation agency. We activate innovation and help businesses grow faster for a better New Zealand.
We partner with ambitious businesses of all sizes, providing a range of innovation and research and development (R&D) services to suit each stage of growth.
Our people – including more than 200 of New Zealand’s leading scientists and engineers – empower innovators by connecting people, opportunities and networks, and providing tailored technical solutions, skills and capability development programmes, and grants co-funding.

Ministry of Business, Innovation and Employment

Ministry of Business, Innovation and Employment (MBIE) plays a central role in shaping and delivering a strong New Zealand economy.
Our role is to create better outcomes for all New Zealanders, particularly by supporting business growth.
We are responsible for the delivery of advice, regulation and services that have a real impact on people, businesses and the environment within which they operate.