Economic Development Minister Simon Bridges and Trade Minister Todd McClay have announced that New Zealand will participate in World Expo 2020, to be held in Dubai, United Arab Emirates.
The announcement was made during Mr Bridges’ visit to Dubai.
“Through Budget 2017, the Government is committing $53.3 million to construct a New Zealand Pavilion that will allow Kiwi businesses to highlight their innovative products and services and open doors to new export markets,” says Mr Bridges.
“Showcasing New Zealand to the world is a crucial part of boosting economic growth. Expo 2020 will provide a springboard to promote us as an innovative, solution-focused economy to the 25 million visitors expected to attend from across Europe, the Middle East, North Africa and Asia.
“It will also allow us to build on our strong economic and transport links to the UAE which acts as a global air and sea logistics hub, providing access for New Zealand exporters to a much wider region. We’re already well connected with five direct daily Emirates flights, contributing $700 million to the economy,” says Mr Bridges.
“It makes clear economic sense for New Zealand to participate in this global event,” says Mr Bridges.
The Expo will take place from October 2020 to April 2021 with Mr McClay saying it will attract high-value visitors from all corners of the world.
“Expo 2020 is a vital opportunity to increase New Zealand’s profile amongst new trading partners as well as grow our trade with existing partners,” says Mr McClay.
We have a strong trade and economic relationship with the UAE and $3.8 billion of two-way trade with the wider Gulf Cooperation Council (GCC),” says Mr McClay.
“The Gulf States also importantly provide an entry point into the wider region for many New Zealand companies and a base from which to better access the wider Middle East and beyond,” says Mr McClay.
New Zealand is close to completing a free trade agreement with the GCC, which comprises of Bahrain, Kuwait, Oman, Qatar, Saudi Arabia and the UAE.
The UAE alone is New Zealand’s twelfth largest trading partner, with annual two-way trade exceeding $1.9 billion in 2016.
About Expo 2020
Expo 2020 has the theme of Connecting Minds, Creating the Future. The Expo site will be around 2sq/km in size and will contain three thematic areas: opportunity, sustainability and mobility.
These three pavilions will showcase ideas and innovations, and countries that attend will have their specific pavilions spread around the thematic areas. New Zealand has been invited to participate in the sustainability precinct.
The organisers expect around 180 nations to participate. New Zealand is among the first 20 to formally confirm attendance.
More information on the Expo see http://expo2020dubai.ae
New Zealand Pavilion
The Government is about to launch an RFP process within the creative sector of New Zealand to select the best team and ideas for the design and content.