Te Taumata says trade demand crucial to ensure economic bounce back

Te Taumata says trade demand crucial to ensure economic bounce back

Through the unprecedented challenges faced by Maori businesses, communities and whanau unfolding across Aotearoa, today economists are predicting unemployment will climb rapidly to 15 to 30 percent.

Te Taumata Chair Chris Karamea Insley says the world has never confronted a crisis like COVID-19 – one that has simultaneously tested the limits of public health systems and the ability for countries to work together on a shared challenge.

He welcomes the announcement by Trade & Export Growth Minister, Hon David Parker, on the undertaking by Canada, Australia, Chile, Brunei and Myanmar in joining New Zealand and Singapore to help ensure citizens can access important goods and medical supplies during the Covid-19 crisis.

“Te Taumata is clear that alliances with New Zealand’s trading partners are fundamental to building resilience into Māori businesses that employ our whanau beyond the worldwide lockdown over the medium to long-term.”

Mr Insley agrees it is in our mutual interest to ensure trade lines remain open, including air and sea freight, to facilitate the flow of goods and essential supplies; the importance of refraining from the imposition of export controls or tariffs and non-tariff barriers; and of removing any existing trade restrictive measures on essential goods – especially medical supplies – at this time.

The announcement went on to say the countries are committed to working with all like-minded countries to ensure that trade continues to flow unimpeded, and that critical infrastructure such as our air and seaports remain open to support the viability and integrity of supply chains globally.

“The trick and challenge will be to do the heavy lifting through the lockdown and position the economy and trade linkages to bounce back instantly post-lockdown,” says Mr Insley.

“To have a chance of prevailing, we need focused, determined, and effective leadership and genuine collaboration from our government, Maori business, and community leaders. Nothing in human history has so clearly demonstrated how the fate of everyone – all 7.7 billion of us – in our highly connected world is now linked.

“Te Taumata is strengthening our online communications to provide rapid and factual updates to our business leaders and whanau. We also aim to create new channels to gather and assimilate information on the needs of businesses who employ our whanau, and feed it to our New Zealand trade negotiators. This will minimise the impact of these massive job losses for our whanau and well-position our Maori businesses post-lockdown,” says Mr Insley.



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.