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This information was prepared by Coriolis solely for the use of our client; it is not to be relied on by any third party without prior written consent.
An Investor’s Guide to the New Zealand Food & Beverage Industry 2013
Final Report May 2013; v1.09
www.foodandbeverage.govt.nz
Coriolis is a strategic management consulting and market research firm We work with organisations to help them grow. For corporations, that often means developing strategies for revenue growth. For governments, it means working on national economic development. For non-profits, it means helping to grow their social impact. We address all the problems that are involved in growth: strategy, marketing, pricing, innovation, new product development, new markets, organisation, leadership, economic competitiveness. We bring to our clients specialised industry and functional expertise. We invest significant resources in building knowledge. We see it as our mission to bring this knowledge to our clients and we publish much of it for the benefit of others. A hallmark of our work is rigorous, fact-based analysis, grounded in proven methodologies. We rely on data because it provides clarity and aligns people. However, we deliver results, not reports. To that end, we work side by side with our clients to create and implement practical solutions. The Coriolis name The coriolis force, named for French physicist Gaspard Coriolis (1792-1843), may be seen on a large scale in the movement of winds and ocean currents on the rotating earth. It dominates weather patterns, producing the counterclockwise flow observed around low-pressure zones in the Northern Hemisphere and the clockwise flow around such zones in the Southern Hemisphere. To us it means understanding the big picture before you get into the details. PO Box 90-509, Victoria Street West, Auckland 1142, New Zealand Tel: +64 9 623 1848 www.coriolisresearch.com
The objective of this document is to make a strong, factual case for investment in the New Zealand food and beverage industry - This investment can come from existing investors or those
new to the sector
- This investment can come from global sources or New Zealand
The document acts as an “entry portal” to the wealth of further information available in on the sector in the New Zealand Government’s Food & Beverage Information Project
www.foodandbeverage.govt.nz
PAGE 3
EXECUTIVE SUMMARY
General - New Zealand is a developed, temperate-climate country in the
Asia-Pacific region. It is a stable democracy with strong economic freedoms (Index of Economic Freedom #4), excellent investor protection (World Bank #1) and low corruption (Transparency International #1). It is by almost all measures the most attractive investment destination in the temperate zone of the Southern Hemisphere.
Food & beverages - Food and beverage exports are important to New Zealand and
the country is a major F&B exporter. New Zealand’s F&B exports are growing strongly and the country’s export performance is strong and improving relative to peers.
- The country has demonstrated capability in the production of temperate-climate food and beverages. It is the largest exporter in the world of dairy products and lamb and a major exporter of beef, kiwifruit, apples and seafood.
Drivers - The success of New Zealand in temperate foods is built around a
natural environment conducive to agriculture. New Zealand – surrounded by the Pacific Ocean – has the light of Spain with the climate of Bordeaux. This climate will also moderate the effects of global warming going forward (relative to large continents).
- The country’s farmers are highly productive and efficient. The country has no agricultural subsidies and regulation is generally rational and light handed.
- New Zealand has a supportive infrastructure for food and
beverages along the total value chain. - New Zealand is a leader in food safety and product traceability.
Customers and consumers around the world trust food and beverages produced in New Zealand.
- In science, New Zealand spends more than half a billion dollars a year on Agri-Food research across a wide range of areas, from fruit genetics to nutraceuticals. The country is also home to four major universities respected globally for their Agri-food research.
Opportunities - While New Zealand is a major global F&B exporter, the country
has significant untapped capacity to export more. New Zealand is a country the size of Italy with the population of Singapore. However Italy feeds a domestic population of 60m people and exports twice as much F&B as New Zealand.
- The New Zealand Government has set a target of tripling the country’s food and beverage exports over the next 15 years. This will be achieved through both growth of existing major sectors and the newer emerging growth stars.
- New Zealand is a young country still discovering its comparative advantages and new industries continue to emerge. In the past twenty years New Zealand wine, honey, aquaculture and avocados have all emerged from almost nothing into world leading sectors.
- New Zealand has attracted investment in F&B manufacturing from around the world. Global leaders have already endorsed New Zealand by investing in manufacturing in the country and 25% of the F&B manufacturing sector is foreign owned.
PAGE 4
New Zealand is well positioned to triple its food & beverage exports over the next 15 years; investors will participate in this success
NEW ZEALAND OVERVIEW
1. 32nd at PPP exchange rates; Source: Statistics New Zealand; CIA World Fact Book; Wikipedia; The Heritage Foundation (IoEF); Transparency International; World Bank; Coriolis analysis
New Zealand is a developed, temperate-climate country in the Asia-Pacific region that is an attractive investment destination
Basic details on New Zealand (2012)
New Zealand
Population 4.4m (2012)
Population growth rate 0.86% (2012e)
Area 267,710km2 (similar to Italy)
Coastline 15,134km (more than China; less than the US)
Population density 16/km2 200th highest in world
GDP US$156b (nominal) (similar to Kuwait)
GDP (PPP) per capita $28,000 (similar to Italy or Slovenia) 47th highest in world1
Currency New Zealand dollar (NZD) US$0.77 (11/2012)
Politics Parliamentary democracy
Index of Economic Freedom
#4 in the world (above the US and Switzerland)
Corruption Index #1 (tied with Singapore and Denmark)
Investor Protection (World Bank)
#1
PAGE 5
New Zealand vs. twenty select peers (2012)
LOTS OF LAND & COAST; FEW PEOPLE New Zealand is a mid-sized country – similar in size to Italy and the UK – with lots of coastline but a relatively small population; as a result it produces more food than it consumes and exports the surplus
PAGE 6 Source: CIA World Fact Book; UN Popstat; Coriolis analysis
756
633
506
441
378
357
338
324
301
270
243
176
103
92
84
70
43
41
37
31
22
Chile
France
Spain
Sweden
Japan
Germany
Finland
Norway
Italy
New Zealand
United Kingdom
Uruguay
Iceland
Portugal
Austria
Ireland
Denmark
Switzerland
Netherlands
Belgium
Israel
Population (people; m; 2012)
128
82
65
62
61
46
17
17
11
11
10
9
8
8
6
5
5
5
4
3
0
Japan
Germany
France
United Kingdom
Italy
Spain
Chile
Netherlands
Belgium
Portugal
Sweden
Austria
Switzerland
Israel
Denmark
Finland
Norway
Ireland
New Zealand
Uruguay
Iceland
Country area (sqkm; 000)
29,751
25,148
15,134
12,429
7,600
7,314
6,435
4,988
4,964
3,427
3,218
2,389
1,793
1,448
1,250
660
451
273
66
-
-
Japan
Norway
New Zealand
United Kingdom
Italy
Denmark
Chile
Iceland
Spain
France
Sweden
Germany
Portugal
Ireland
Finland
Uruguay
Netherlands
Israel
Belgium
Austria
Switzerland
Coastline length (km; 000)
More than China! (14,500km)
Chile
Norway
UK
USA
France
Canada
Australia
New Zealand
Faroe Islands
Ireland
Germany
Denmark
Finland
Portugal
South Africa
Sweden
Iceland
Argentina
Belgium
Salmons, trouts, smeltsMolluscsFreshwater fishMarine fishCrustaceansAquatic plants
Value of aquaculture production by species (US$m; 2008)
GROWTH UPSIDE Many food & beverages categories – including aquaculture, horticulture and wine – have strong growth upside
PAGE 7 Source: UN FAO AgStat; UN FAO FishStat FIGIS database; Coriolis analysis
Hectares in fruit, nuts & vegetables (ha; 000; 2009)
Total Grape area by country/region (ha; actual; 2009)
$380m
$529m
$686m
$813m
$937m
$955m
$3,119m
$4,550m
$230m
$175m
$137m
$119m
$66m
$54m
$42m
$32m
$27m
$12m
$1m
1,323 184 663 Italy
NewZealand
Fruit
Nuts
Vegetables
17x
71
1
53
125
2,170
793,144
222,700
190,000
100,101
45,098
34,380
33,442
24,708
14,820
7,362
3,237
France
Portugal
Chile
Germany
Austria
Croatia
New Zealand
Washington
Switzerland
Oregon
British Columbia
3-6x
3-8x
Food & Beverages as a percent of New Zealand’s total merchandise export value (%; 2011)
MAJOR F&B EXPORTER Food & beverage exports are important to New Zealand and the country is a major F&B exporter
PAGE 8 Source: UN Comtrade database; Coriolis analysis
Food and Beverages
55%
Other products 45%
$72
$70
$70
$41
$39
$39
$28
$21
$19
$15
$12
$11
$10
$8
$8
$6
$4
$2
$2
$2
Netherlands
Germany
France
Spain
Italy
Belgium
United Kingdom
New Zealand
Denmark
Chile
Ireland
Austria
Norway
Sweden
Switzerland
Portugal
Japan
Iceland
Israel
Finland
Total F&B export value: New Zealand vs. peers (US$b; 2011)
NZ exports 5x as much food as
Japan!
Total exports = US$37.6b
New Zealand F&B export value by major segment (US$b; 2011)
RANGE OF SECTORS New Zealand food exports are spread across a range of product sectors; while all are achieving export value growth, processed foods and beverages stand out as growth stars
PAGE 9 Source: UN Comtrade database; Coriolis analysis
$2.7
$10.1
$1.8
$4.4
$0.9
$1.3
$0.8
$1.6
$0.2
$0.4
$0.3
$1.7
$0.1
$1.1
1996 2011
Dairy
New Zealand F&B export value by major segment (US$b; non-inflation adjusted; 1996 vs. 2011)
Meat
Seafood
Produce
Other
Processed
Beverages
$20.7
$6.8
9%
6%
3%
5%
5%
12%
17%
15 year CAGR
(96-11)
8%
Whole milk powder $4.2 20%
Skim milk powder $1.3 6%
Butter $2.0 10%
Cheese $1.1 5%
Other dairy $1.5 7% Beef $1.6 8%
Lamb $2.4 11%
Other meat $0.4 2%
Wild seafood $1.1 5%
Aquaculture $0.3 1%
Kiwifruit $0.8 4%
Apples $0.3 1%
Other produce $0.5 2%
Other foods $0.4 2%
Processed foods $1.7 8%
Wine $0.9 4%
Other beverages $0.2 1%
Dairy $10.1b
49%
Total = US$20.7b
Meat $4.4b 21%
15 year compound annual growth rate (CAGR) in total food & beverage export value: New Zealand vs. identified climatic peers (%; US$; non-inflation adjusted; 2011 or latest available)
GROWING STRONGLY New Zealand’s food & beverage exports are growing strongly and the country’s relative performance is improving
PAGE 10 Source: UN Comtrade database; Coriolis analysis
1965-1980 (15 yrs)
22.6% 21.8%
19.1% 18.4% 18.3%
17.0% 15.5% 15.1%
14.0% 13.6% 13.5% 13.0% 12.8% 12.5% 12.0% 11.5%
10.8% 10.6% 10.2% 9.9%
9.3% 9.2%
GermanyChile
BelgiumAustriaIrelandFrance
UKSpain
FinlandSwitzerland
USAItaly
AustraliaIceland
SwedenDenmark
CanadaNew ZealandNetherlands
NorwayArgentina
PortugalUruguay
South Africa
1980-1995 (15 yrs)
1995-2011 (16 yrs)
12.0% 9.0%
8.3% 7.7% 7.7% 7.5% 7.3% 7.0%
6.5% 6.2% 6.1% 5.9% 5.7% 5.7% 5.7% 5.6%
5.3% 5.0% 4.9%
4.3% 3.6%
2.8% 2.2%
ChileSpain
AustriaIreland
PortugalBelgiumNorway
ItalyGermany
SwitzerlandSweden
NetherlandsUK
New ZealandFrance
FinlandDenmark
ArgentinaUruguay
IcelandCanada
USAAustralia
South Africa -0.1%
N/A N/A
#18
#14
#5
2.7%
3.1%
3.9%
3.9%
4.0%
5.6%
5.7%
5.7%
6.2%
6.4%
6.5%
6.8%
7.0%
7.3%
7.6%
8.0%
8.3%
8.3%
8.9%
8.9%
10.2%
10.3%
Ireland
Denmark
France
United Kingdom
Netherlands
Finland
Belgium
Australia
Italy
Spain
USA
Norway
Germany
Canada
South Africa
Portugal
Argentina
New Zealand
Chile
Switzerland
Sweden
Austria
WHAT IS ENABLING GROWTH?
PAGE 11
Six factors are driving the growth of New Zealand’s food industry
A. Comparative advantage
B. Strength in Research, Development and Science
C. New Zealand is a trusted partner; strong Biosecurity & Food Safety
D. Business-friendly environment
E. Supply of temperate foods to Asia
F. Business investment
Source: Coriolis
A. COMPARATIVE ADVANTAGE
PAGE 12
New Zealand has clear comparative advantage in food & beverages
Meat
Dairy
Fruit & Vegetables
Seafood
Food Ingredients
Processed foods & beverages
showing growth
Specialty grains
Pet Food
Confectionery
Nutraceuticals
Infant formula
Jams and Jellies
Ice Cream
Biscuits/Baked
Breakfast Cereal
Pasta products
Soups & Sauces
French fries
Innovative foods
1 Plant and Food Research, AgResearch, Massey University, Lincoln University (see page 14); Source: Coriolis
Natural resources
Human resources
Science & technology
Fundamental Building Blocks
Beverages
• Educated, professional farmers/orchardists
• 150 years of biological history and knowledge (e.g. animal genetics)
• Universities with AgScience strength (e.g. Massey, Lincoln)
• World leader in primary sector R&D (dairy, rotational grazing)
• Leverage R&D at scale1 • Strength in R&D around protein
processing and automation • Respected sustainable fisheries
management system • Animal welfare systems
• Geographically isolated • Sun, water, ideal growing conditions • Water rich overall (>90% of river water
reaches sea) • Animal and disease-free status • Counter-seasonal to North
Food & Beverages as a percent of New Zealand’s total export value over last 131 years (% of exports; 1880-2011)
A. COMPARATIVE ADVANTAGE – LONG TERM Food & beverage exports have been core to New Zealand’s exports for over 100 years – it is the country’s core competency
PAGE 13 Source: Statistics NZ 1880,1990,1920, NZ trade and shipping 1940, NZ Details and Exports 1960, UN Comtrade 1980,2000,2011 ; Coriolis analysis
16%
34%
51%
67%
54%
45% 44%
55%
1880 1900 1920 1940 1960 1980 2000 2011
Government-funded research and science organisations & universities with strong food & beverage activities (2013)
B. STRENGTH IN F&B R&D – ORGANISATIONS New Zealand has a long history of R&D and Science in the food industry, supported by publicly funded Crown Research Institutes, Centres of Research Excellence and Universities
PAGE 14 Source: Coriolis
Research and Science Organisations Universities
B. STRENGTH IN F&B R&D – NEW ZEALAND FOOD INNOVATION (NZFI) New Zealand Food Innovation (NZFI) – a network of four open access commercial scale R&D and pilot plant centres – demonstrates the Government‘s commitment to the food and beverage industry
PAGE 15 Source: NZFI
Location Focus Capability
Auckland
Processed/FMCG foods Space/equipment for hire Export registrations ~1000 kg/shift
- Extrusion & milling/blending - UHT/Beverage - High pressure processing - Freeze drying - General processing - Multiple packaging styles - Production kitchen
Waikato
Dairy & Infant Formula ~500 kg/hour
- Spray dryer - Evaporator - Other dairy equipment - Packing
Palmerston North
Dairy Fruit & vegetables All Food and Beverage
- Same equipment range as Manukau (1/5th scale)
- Same equipment range as Waikato (1/20th scale)
- Post harvest technologies - Meat and small goods pilot plant
South Island
All Food and Beverage Sourcing of: - pilot equipment - technical expertise - business expertise
Auckland
Massey Univ.
Canada
Australia
Sweden
Switzerland
Norway
New Zealand
Finland
Denmark
Austria
Netherlands
Germany
Japan
Belgium
United Kingdom
Ireland
Spain
France
Italy
Portugal
Singapore
C. TRUSTED PARTNER – BRAND NEW ZEALAND
Source: Reputation Institute 2012 Country RepTrak; FutureBrand CountryBrandIndex 2012-13
Global benchmarking shows high value in “Brand New Zealand”
Reputation Institute rank of the top 20 most reputable countries Survey of 36,000 people in G8 countries; 2012
Switzerland
Canada
Japan
Sweden
New Zealand
Australia
Germany
United States
Finland
Norway
United Kingdom
Denmark
France
Singapore
Italy
Maldives
Austria
Netherlands
Spain
Mauritius
FutureBrand top 20 Country Brand Index global brand perceptions Survey of 3,600 opinion formers in 18 countries; 2012
6 5
PAGE 16
Japanese public image of foreign products (Index; 2009)
C. TRUSTED PARTNER – TRUSTED BY CONSUMERS Consumers in key markets – particularly Asia – trust New Zealand food and beverages
PAGE 17 Source: Gain report JA8713; Coriolis
Cost 100 = expensive, - 100 = inexpensive
Safety 100 = safe, -100 = unsafe
-100
-80
-60
-40
-20
0
20
40
60
80
100
-100 -80 -60 -40 -20 0 20 40 60 80 100
EU Scandinavia
Japan
USA
Asia (excl. China)
China
High cost & high trust
High cost & trusted
Lower cost & trusted
Lower cost & lower trust
Low cost & low trust
NZ & Australia
Safe
Unsafe
Expensive Cheap
C. TRUSTED PARTNER – WHY?
PAGE 18 *FCR Feed conversion ratio
New Zealand is trusted because all the elements of the food & beverage industry ecosystem work together
Food safety
Biosecurity Strong & Stable
Regulation
Sustainable Production
Trusted supplier of raw materials
Isolated island country thereby avoiding almost all major food scares of the last 20 years (Foot and Mouth disease, Mad cow disease, Bird Flu, SARS, E-Coli. Etc.
Track record of success to date
Low cost pastoral agriculture
Forbes: Best Country for Business (2012)
D. BUSINESS FRIENDLY Multiple global surveys show NZ Inc. leading in international business friendly rankings
PAGE 19 1. Covers extent of disclosure, director liability, ease of shareholder suits; Source: Forbes Magazine; Transparency International; World Bank; Heritage Foundation; Coriolis
New Zealand
Denmark
Hong Kong
Singapore
Canada
Ireland
Sweden
Norway
Finland
United Kingdom
Australia
United States
Belgium
Netherlands
Switzerland
Taiwan
Chile
Luxembourg
Estonia
Luxembourg
New Zealand
Denmark
Finland
Sweden
Singapore
Norway
Netherlands
Australia
Switzerland
Canada
Luxembourg
Hong Kong
Iceland
Germany
Japan
Austria
Barbados
United Kingdom
Belgium
Ireland
Singapore
Hong Kong
New Zealand
United States
Denmark
Norway
United Kingdom
Korea, Rep.
Iceland
Ireland
Finland
Saudi Arabia
Canada
Sweden
Australia
Georgia
Thailand
Malaysia
Germany
Japan
New Zealand
Singapore
Hong Kong
Malaysia
United States
Ireland
Canada
Israel
Colombia
United Kingdom
South Africa
Kazakhstan
Thailand
Mauritius
Kyrgyz Republic
Albania
Saudi Arabia
Georgia
Japan
Macedonia
Hong Kong
Singapore
Australia
New Zealand
Switzerland
Canada
Chile
Mauritius
Ireland
United States
Denmark
Bahrain
Luxembourg
United Kingdom
The Netherlands
Estonia
Finland
Taiwan
Macau
Cyprus
Corruption Perception Index (2011)
Ease of Doing Business (2011)
Investor Protection1
(2011) Economic Freedom (2011)
1 1 1 3 4
New Zealand F&B export value by region (US$b; 2011)
E. TRADE TO ASIA New Zealand exports food and beverages to a wide range of destinations; Asia is now the largest destination region taking ~40%; China is the single largest destination and Asian countries 10 of top 25 destinations
PAGE 20 NA/ME/CA = North Africa/Middle East/Central Asia; Note: totals may not add due to rounding; Source: UN Comtrade database; Coriolis analysis
Europe/Russia 16%
North America 12%
Australia/Pacific 12%
SE Asia 13%
East Asia 26%
South Asia 2%
11%
SS Africa 3%
C&S America
5%
Asian markets
~40%
Total = $20.7b
$2.9 $2.1 $2.1
$1.4 $0.9
$0.6 $0.6 $0.5 $0.5 $0.5 $0.5 $0.5 $0.5 $0.4 $0.4 $0.4 $0.4 $0.4 $0.3 $0.3
$0.3 $0.3 $0.2 $0.2 $0.2
ChinaAustralia
USAJapan
United KingdomSouth Korea
TaiwanMalaysia
PhilippinesSaudi Arabia
IndonesiaGermany
SingaporeThailand
AlgeriaVenezuela
United Arab EmiratesNetherlands
CanadaMexico
Sri LankaBelgium
FranceEgypt
Other Europe, nes
Top 25 F&B export country destinations by value (US$b; 2011)
North Africa/ Middle East Central Asia
76%
53%
44%
34% 25%
30% 29% 23% 23%
16%
10%
27%
20%
23%
23% 22%
15% 21% 18%
12%
3%
4%
5%
7%
8% 7%
9% 9% 11%
12%
7%
5%
9%
6%
7% 8%
8% 8% 8%
10%
0%
0%
4%
10% 15% 6%
5% 6% 7%
11%
2%
3%
8% 9% 6%
8%
10% 12% 11% 13%
3% 7% 11% 12%
16% 19% 24% 22% 23% 26%
1965 1970 1975 1980 1985 1990 1995 2000 2005 2011
E. TRADE TO ASIA
Share of New Zealand F&B export value by region (% of US$; 1965-2011)
New Zealand in the middle of a fundamental transition from feeding Westerners to feeding the Asia-Pacific region
PAGE 21 NA/ME/CA = North Africa/Middle East/Central Asia; Source: UN Comtrade database; Coriolis analysis
Europe
Other
Australia/ Oceania
E Asia
SE Asia
N America
North Africa/ Middle East Central Asia
0%
5%
10%
15%
20%
25%
30%
$0 $1 $2 $3 $4 $5
East Asia
SE Asia
Australia/Pacific
North America
Europe/Russia
SS Africa
South Asia NA/ME/CA
C&S America
F&B export value growth matrix (2001-2011)
E. TRADE TO ASIA - GROWTH MATRIX Growth is being driven by the Asia-Pacific region and other markets of the future
PAGE 22 Source: UN Comtrade database; Coriolis analysis
10 year value CAGR
(01-11)
10 year absolute value growth (US$b; 2011)
Size of bubble = export value (US$b; 2011)
Small but fast growing
Traditional markets but slow growing
Solid performers
!!!!
E. TRADE TO ASIA - FREE TRADE AGREEMENTS New Zealand has free trade agreements – either in place or proposed – with most of the Asia-Pacific region
PAGE 23 Source: Wikipedia (public domain) with Coriolis additions using MFAT data
Existing
Proposed
Farmers 59%
Private 12% Iwi 1%
Listed 2%
Charity 0%
Australia 6%
USA 4%
Canada 1%
UK 1%
Swiss 1% Germany 1%
France 1% Netherlands 1% Russia 0%
Japan 7%
Hong Kong 1% Singapore 1%
China 0%
Malaysia 0% Thailand 0%
Turnover of top 78 New Zealand F&B firms by ownership type/country (% of NZ$m; 2011e)
F. ATTRACTING GLOBAL INVESTMENT - MAJOR F&B FIRM TURNOVER BY OWNERSHIP The NZ F&B industry has attracted investment from a wide range of sources; 25% of the investment in the New Zealand food & beverage industry is from outside the country
PAGE 24 Note: Uses share of turnover of top 78 firms as a proxy for investment; Source: Coriolis
75%
Anglo-Saxon 11%
European 5%
Asia 9%
TOTAL = NZ$44.4b
International 25%
EXAMPLES: Significant investors in F&B manufacturing in New Zealand (Current as of 2011)
F. ATTRACTING GLOBAL INVESTMENT The New Zealand Food & beverage manufacturing sector has attracted investment from around the world
PAGE 25 Source: Coriolis
Asia Australia Europe North America
South America
Structure of information available to investors under the New Zealand Food & Beverage Information Project (November 2012)
F&B INFORMATION PROJECT Depending on your area or areas of interest, the Food & Beverage Information Project has an extensive and highly detailed range of sector level analysis available
PAGE 26
Dairy Sector
Meat Sector
Produce Sector
Seafood Sector
Nutraceuticals Sector
Processed Foods Sector
Beverages Sector
Investor’s Guide You are here
Your next stop
Markets
Emerging Growth Opportunities
Agency
Key areas of responsibility and support for investors in NZ F&B
Contact details
- Economic Development Policy - Research goals & priorities - Scientific research funding - Labour market/employment relations
http://www.mbie.govt.nz/contact-us www.foodandbeverage.govt.nz
- Trade promotion - Export development
http://www.nzte.govt.nz/about-nzte/pages/new-zealand-offices.aspx
- Trade relationships - Trade policy, including trade negotiations and
offshore market access barriers
http://mfat.govt.nz/About-the-Ministry/Contact-us/index.php
- Biosecurity - Agricultural production - Food safety
http://www.mpi.govt.nz/AboutMPI/ContactUs/tabid/94/Default.aspx
FOR MORE INFORMATION For more information or assistance in investing in the New Zealand food and beverage industry contact:
PAGE 27
www.foodandbeverage.govt.nz