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New Zealand firms seek to broaden business with Sri Lanka

ECONOMYNEXT – A business delegation from New Zealand is visiting Sri Lanka this week seeking to broaden trade relations between the two countries now dominated by commodities to specialised manufacturing, aviation and education.

The delegation of 17 New Zealand companies from a range of industries is led by former New Zealand Deputy Prime Minister Don McKinnon and Grahame Morton, High Commissioner to India, Sri Lanka, Bangladesh and Nepal.

Trade between New Zealand and Sri Lanka has expanded over the past decade and is now worth 280 million US dollars, a statement said.

“In the year to June 2015 New Zealand exported 229 million dollars worth of goods to Sri Lanka, with milk powder, apples and pears, and butter being the top exports,” it said.

“The majority of New Zealand’s trade is commodity based but there are increasing opportunities for New Zealand companies in Sri Lanka, particularly in the aviation, training and education, specialised manufacturing, and creative industries.”

There are five education institutions joining the business delegation, all offering New Zealand qualifications which are in demand in the job market and ensuring work-ready graduates, the statement said.

The New Zealand companies visiting Sri Lanka are DGL International Powder Coatings, Fisher & Paykel Healthcare Corporation Ltd, Eastern Institute of Technology, Genomic and Personalised Medicine Ltd, International Aviation Academy of New Zealand, Maxiloda Limited, NORTHEC, Patton Refrigeration India Pvt Ltd, Powershield Ltd, QualityNZ, Southern Institute of Technology, Tait Communications, Unitec Institute of Technology, Vista Entertainment Solutions, WAML Group, Wellington Institute of Technology and Whitireia New Zealand.  (Colombo/November 04 2015)


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