New director for Trade Office in Taiwan
Si'alei van Toor has been appointed director of the New Zealand Commerce and Industry Office (NZCIO) in Taipei. NZCIO is a subsidiary of the Wellington Employers' Chamber of Commerce and promotes New Zealand's economic and cultural interests in Taiwan.
Chamber CEO Raewyn Bleakley says Taiwan is New Zealand's 10th biggest export market and a significant source of investment, tourists and international students.
“Annual two-way trade with Taiwan currently stands at around NZ$1.66 billion, and the Chamber is keen to further strengthen economic links. Si'alei van Toor is well-positioned to pursue opportunities, given her trade experience and deep understanding of the region.”
The agreement between New Zealand and the Customs Territory of Taiwan, Penghu, Kinmen, and Matsu on Economic Cooperation (ANZTEC) came into force in December last year. It will deliver the complete removal of tariffs on 99 percent of New Zealand's current exports to Taiwan over four years, and 100 percent within 12 years.
“ANZTEC immediately generated nearly $40 million of tariff savings on current trade. Once fully implemented, tariff savings will reach an estimated $75.8 million each year,” says Bleakley.