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Wed 6 Mar 2019 01:57 PM

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Dubai Chamber forms new council to boost NZ economic ties

New Zealand Business Council is the 50th country-specific business council to be established under the umbrella of Dubai Chamber

Dubai Chamber forms new council to boost NZ economic ties
The New Zealand Business Council has a membership of about 100 New Zealand companies.

Dubai Chamber of Commerce and Industry has announced the formation of the New Zealand Business Council (NZBC) in Dubai in a move to strengthen UAE-New Zealand relations and expand bilateral economic ties.

The New Zealand Business Council is the 50th country-specific business council to be established in Dubai under the umbrella of Dubai Chamber.

It has a membership of about 100 New Zealand companies that operate in a wide range of economic sectors, including healthcare, public relations, legal services, education, agriculture, food and beverage, trade, aviation, hospitality and tourism.

Hassan Al Hashemi, vice president of International Relations for Dubai Chamber, said the move comes as non-oil trade between Dubai and New Zealand has increased steadily in recent years to reach nearly AED2 billion in the first nine months of 2018.

The growth is supported by the growing volume of food products that are exported from New Zealand to the emirate.

He noted that the UAE remains one of New Zealand’s top trading partners, and said the new council would help build new bridges of bilateral cooperation in new economic sectors and areas, adding that both business communities would benefit from New Zealand’s participation in Expo 2020 in Dubai.

Andrew Perrier, chairman of the NZBC said: “Through the support of Dubai Chamber, the New Zealand Business Council will allow engagement with like-minded leaders, whilst addressing challenges and envisioning how we can further boost both our economies.”

As a facilitator for business groups and councils in Dubai, Dubai Chamber aims to boost commerce between the business communities of Dubai, and enhance relations between Dubai and other countries around the world.