“Globalization has changed, but in its earlier form, it was principally about opening up the possibilities of economic specialization, economies of scale, and economies of scope.”By Anand Swaminathan for The Politic
Dr. Alan Bollard serves as the Executive Director of Asia-Pacific Economic Cooperation (APEC), which promotes regional trade, economic growth, and sustainability. As Executive Director, Dr. Bollard presides over economic programs that are mandated by APEC’s leaders and ministers. Before his work with APEC, Dr. Bollard served as Secretary to the New Zealand Treasury from 1998 to 2002 and then Governor of the Reserve Bank of New Zealand from 2002 to 2012. He holds a Ph.D. in Economics from the University of Auckland.
The Politic: Can you describe the function of APEC and how it has developed over the years?
Alan Bollard: APEC is an organization that is promoting regional economic integration around the Asia Pacific region. It has 21 member economies, over almost the entire Pacific coastline. This includes big economies like the U.S., Japan, Russia, China, and a lot of smaller ones. Altogether, APEC’s member economies make up half the world’s GDP, and it is the largest organization of its sort in the world.
APEC came about around the end of the Cold War. It was the vision of a number of ministers around the Pacific Rim who realized that, if we could open up the barriers to trade and investment between economies, there was potential for very strong international economic growth.
Can you describe what you think are the benefits of international free trade and, more generally, the benefits of globalization?
Globalization has changed, but in its earlier form, it was principally about opening up the possibilities of economic specialization, economies of scale, and economies of scope. It used the theories of comparative advantage that had been well-established in economics for the last two hundred years, saying it is most efficient if production takes place in countries that have a comparative advantage. Typically, that used to mean that from WWII onwards, a lot of sophisticated production would happen in sophisticated economies like the United States. Whereas, some of the East Asian economies would provide a place for cheaper, lower-skilled assembly.
Over time, this has changed considerably and quite quickly around the Asia-Pacific. Trade has become very integrated, there has been a big growth in value chains. Highly integrated trade and supply chains have brought a lot of benefits to consumers. When we look at who is actually producing, we do see a switch where more developed Western economies have moved quickly out of manufacturing into services. The developing countries have taken over manufacturing.
This has had a distinct effect on the Asia-Pacific region. In APEC countries, at least half a billion people have come out of poverty and into middle-income in the last quarter of a century. Once they are in middle-income, these countries can generate their own growth and grow in more sophisticated ways. For example, these countries no longer have to simply rely on North American consumption or Chinese consumption.
We are very clear that a growth of trade has led to an improvement in living standards, broadly. When you look at how those benefits have been distributed within countries, it does become more complicated. Some groups have gained, and some groups have lost. That’s really where domestic social policies should come into play because they should be identifying the losing groups and helping them re-skill.
Responses to free trade differ throughout the world. Free trade has recently come under fierce scrutiny and criticism from people of all political orientations in the Western world. People have argued that trade has helped to demolish manufacturing in the West and enrich so-called elites at the expense of everyday workers. Do you think this criticism is justified and that there are real drawbacks to trade?
Sometimes people make this criticism about trade, and other times they make this criticism about globalization. Often times, there is an amalgam of things that they are reacting to, that are different from trade. These include migration, the growth of environmental problems, growth in foreign investment, an increase in automation, and a growth in trade. Some of these things are interrelated, but quite often we’re finding that complaints about globalization are not about free trade but about automation.
As to the popular concerns about this, some of it is simply harking back to the past that never existed. There seems to be a view in some European countries and, which certainly came up in the U.S. election, that these countries had a huge, solid manufacturing background and that they have lost that. We have to remember that, in the United States, less than ten percent of jobs are in manufacturing.
Even after World War II, less than third of jobs were in manufacturing. Where do people work? In services. But you would never believe that from the media teaching. Generally speaking, these manufacturing sectors are not nearly as important as most people seem to think. The Financial Times has a term for this, called “factory fetish.” Politicians love factories, but actually, most of them long ago departed the developed world. Jobs in the services sector have taken their place.
Why do you think there is so much of a fixation on manufacturing? Why do politicians consistently have this “factory fetish?”
Some of it is history. The United States’ major contribution to early economics was mass production—Ford factories and onwards. Right through to WWII these were very important.
But really after WWII, Japan took leadership of mass production and it moved around the world.
Factories are also physical things that you can locate and look at. They are very concentrated in terms of employment. That means if you have a factory closure, that event is highly visible. From a communications point of view, it is much easier to communicate about factories. Generally, the story about factories has been about closures rather than openings. Politically, factories are much more attractive from a labor and union point of view. Beyond that, I think some of it is illusionary.
Moving away from the Western world, how would you describe the current state of trade in the Asia-Pacific region? How are attitudes towards trade and globalization within the region?
There was a very positive view of trade and investment because the benefits were very visible right up until the global financial crisis. As a very rough formula for the previous twenty years, we broadly had eight percent average annual trade growth, leading to roughly four percent average annual economic growth, leading to roughly two percent annual GDP per capita growth. This meant people were almost twice as rich as their parents’ generation, which is very strong delivery for the region.
Now, in that period since the global financial crisis, trade slowed down very considerably. This didn’t happen all at once, because China was going through a commodities boom. But then we saw a slowing in trade, a slowing in growth, and a slowing in productivity growth.
Would you say that the positive attitudes towards trade are reflective of the general population in Asia-Pacific? Or do we hear these positive reviews mostly from higher-up and elite members of these nations?
It depends very much where you’re talking about. I’m in Singapore—Singapore is a trading hub and everyone knows that trade is very important. In a large economy like the United States, many people can feel insulated from these regional trade trends. In the Asia-Pacific region, generally there is a feeling that we can see the benefits of what trade has brought. But we do understand that things are changing, and that we have to communicate better to the wider population.
Also, there is a reasonable argument that, in the past, we’ve been convinced that trade and globalization are benefiting countries but we haven’t worried too much about the distribution of benefits within a country. But, there is the argument that with higher levels of globalization, we do need social policies that will stand alongside that. That includes labor market policies, health policies, social protection policies, and above all, skill and reskilling opportunities. What we think most directly impacts jobs is much more automation.
How important has automation been in displacing manufacturing jobs? How will automation continue to shape the future of work?
We can’t be absolutely definitive about these questions because we haven’t been that good about forecasting technological change and its impacts on the economy. Most economic studies find that when you look directly for determinants of job loss, you find that two-thirds might be due to automation. So clearly, automation is having a big impact. It has had a large impact on manufacturing jobs. But the way that automation is going now, it’s actually impacting services much more and that’s where we should be looking to in the future. In the past, automation used to be applied to things that involved heavy lifting and mechanical repetition. But now, it’s being applied to things that involve intelligence and learning and different systems.
What is the future of trade and globalization, given the advent of the Trump administration and protectionist sentiment throughout the Western world?
Quite apart from the growth of protectionist thinking, it did look like we might have seen the growth in regional supply chains in the Asia-Pacific slowing down. Now, I’m not saying that the regional supply chains were slowing down, but that the growth of regional supply chains was slowing down. It looked like they had exploited a lot of the advantages of the economies of specialization. In addition, there has been one other very big economic development in the ten years since the global financial crisis, and that’s the energy revolution.
The other big development will be the development of services trade. Services trade is not that developed in the Asia-Pacific region, but it is starting to be. That happens not only from moving goods across the region in ships, but also from moving data across the region on the Internet. It depends much more on things like telecommunications, roaming data charges, digital movements, cybersecurity, and those sorts of things. Already, data movements have increased fifty times over the past decade, according to McKinsey.
It was reported that there was an APEC trade ministers’ meeting in late May, the first since the election of Trump. If you are able, can you describe the discussions during this meeting? How do other members of APEC feel about the Trump presidency?
Yes, we were doing a couple of things there. We were all pretty interested to hear from the new United States trade minister Trade Representative Robert Lighthizer. He had only just been appointed a few days previous to that meeting. We wanted to hear a lot more detail about the new U.S. administration, what it proposes on the trade and globalization side. But we need to hear a lot more detail about what that means, what their concerns are. We did hear some of that from the U.S. Trade Representative. He talked about trade deficits, possible bilateral developments, and a number of multilateral areas.
We’re looking for what we think is best practice around the region. APEC is quite a good organization, both for the U.S. and other member economies, because it is voluntary. It is not like a WTO, or a TPP, or a RCEP, which are legally binding. We are not. We are just a test kitchen. We try things out, we incubate new ideas. So, we’re a place where it’s quite easy to try things out, and if you don’t like them, then you don’t have to be part of them.
Certainly, the U.S. wants to see services trade continue and grow. They’re very focused on digital economy and that kind of commerce. But also, to be realistic, they made it clear that they will be focusing on NAFTA renegotiation. And we’ll watch how that goes.
I know the annual APEC Leader’s Summit will be held in November, and Vice President Pence has indicated that Trump will be attending. What are your expectations for that meeting, and what do you expect Trump to say?
It will be quite a big and important event. We expect to get all the leaders of twenty-one economies and that includes the very big economies. Many of them will have met in other fora by then, and particularly at the G20 Leaders Meeting in Hamburg, Germany. What they do in APEC meetings is that they review all the work I nominated and give directions for the year ahead. What we do is follow the directions of 21 economy leaders. I imagine they’ll be looking at how we communicate the benefits and costs of globalization in all of this. It’s helpful that it’s a few months away, because I think we’ll have more clarity in quite a few of the details.
What advice would you give to college students who want to learn more about international trade and the global economy?
Well, students are very lucky today. They’ve got massive opportunities compared to what used to be the case. They’re operating in an international world. Just within APEC, we have something like one million student movements, cross-border movements going on. I think there are great opportunities available, and my advice is to take advantage of them. There are great opportunities for being and remaining mobile in the world. There are many chances to help preserve many of the hard-won benefits of internationalization because, until the 1980s, it simply wasn’t like that. You simply couldn’t study and work across borders in the way that you can today.
This interview has been edited for concision and clarity.
World changing Kiwi innovations finalists have been named for the big annual New Zealand Innovation Awards.
The finalists represent game-changing innovation from every corner of the country, with new ventures, products and services from a broad range of industries and business disciplines, the New Zealand Innovation Council’s founder and chief executive Louise Webster says.
“They all demonstrate in their own way that Kiwi innovation has come a long way with a vibrant and active innovation in the business community.
“Included in the finalists are an exciting range of entries such as quiet drones, solar-powered cow collars, smart trampolines, Te Reo Maori smartphones and ethical corporate workwear. Spoilt for choice with this year’s entries – these are truly world changing innovations.
“The seventh annual innovation award winners will be named at the awards evening in Auckland on October 19. The awards night is now established as New Zealand’s most iconic innovation event. It’s great to have seen the innovation ecosystem grow and develop over this time and simply humbling to talk to so many fantastic business innovators.
“Since the awards began we have seen a shift away from businesses developing new products and services for the New Zealand market to a strong focus on export markets with many businesses going global from day one,” she says.
Bayer New Zealand managing director Derek Bartlett says Bayer are committed to helping Kiwi companies be the best that they can be.
“We have innovation at the heart of everything we do and take pride in supporting such a great initiative to celebrate and profile innovation across New Zealand,” he says.
Last year, ARANZ Medical won the Bayer Supreme New Zealand Innovation prize at the annual New Zealand Innovation awards. ARANZ Medical’s advanced scanning technology, silhouette, measures wound healing and ensures the right treatment is being used to promote faster healing and more accurate diagnosis.
The 2017 New Zealand Innovation Awards finalists are:
INNOVATION IN AGRIBUSINESS & ENVIRONMENT - Sponsored by Bayer NZ● Alliance Group - The Omega Lamb Project● Halter● Levno - Sensor and Data Technology● Marine Flex - Elastic Mooring● SPATnz (Shellfish Production and Technology New Zealand) - Next Generation Shellfish● Spring Sheep Milk Co. - New Zealand's Gentlest Milk● Squawk Squad INNOVATION IN DESIGN & ENGINEERING - Sponsored by James & Wells● ARANZ Geo - Leapfrog 3D Geological Modelling Software● Dotterel Technologies● Fisher & Paykel Healthcare - Optiflow Junior 2● Onguard Group - Seismic Systems● Rocket Lab● SolarBright - DATAeye● Springfree Trampoline - Smart Trampoline● Tectonus - Resilient Slip Friction Joint INNOVATION IN EDUCATION, TRAINING & DEVELOPMENT - Sponsored by Chartered Accountants Australia and New Zealand● CORE Education - iNVENTIONATOR● Crimson Education● EdPotential● Fulton Hogan - Virtual Reality Training● Kami● Linewize - Classwize● Massey University Wellington - The Design+Democracy Project● Osnova - Amy INNOVATION IN FINANCIAL, PROFESSIONAL & PUBLIC SERVICES - Sponsored by Equifax● Cream● Department of Internal Affairs - SmartStart● FluentIQ - Test Center● McCarthyFinch● Simplicity● Simply Payroll● StockX - A Smarter Exchange INNOVATION IN HEALTH & SCIENCE - Sponsored by Chorus● Avalia Immunotherapies - Synthetic Vaccines● BFW Innovations - The Original Mattress Elevator● CoLiberate - Nourish Your Mind● Fisher & Paykel Healthcare - Optiflow Junior 2● FlexiMap● MARS Bioimaging● Myovolt - Wearable Vibration Therapy● Precision Driven Health INNOVATION IN FOOD & BEVERAGE - Sponsored by Plant & Food Research● Alliance Group - The Omega Lamb Project● Anteater - Premium Edible Insects● Fix & Fogg - World’s Best Peanut Butter● Fonterra Co-operative Group - Protein Ingredient (MPC4867)● Green Spot Technologies● Imake - The Grainfather INNOVATION IN TECHNOLOGY SOLUTIONS - Sponsored by Jade Software Corporation● Air New Zealand - Customer Innovation Programme● ARANZ Geo - Leapfrog 3D Geological Modelling Software● Corvecto - Virtual Reality Training Solutions● fulcrum - The fulcrum HUB● Moxion● Onguard Group - Seismic Systems● The Social Club● Vector - Glen Innes Substation● WaterOutlook INNOVATION SYSTEMS & PERFORMANCE IMPROVEMENT - Sponsored by Westpac NZ & the NZ Government● Fonterra Co-operative Group - Vitamin D Measurement● Forsite● Halter● High Performance Sport New Zealand (HPSNZ) - Innovation Programme● Revisia - Industrial 3D Innovation● Soar Printing - Evolution through Innovation● Vigilance - Financial Risk Management● Waitemata District Health Board - Leapfrog Programme INNOVATION IN MEDIA, MARKETING & COMMUNICATIONS - Sponsored by StopPress● 2degrees - Data Hunt● AttitudeLive● Corvecto - Virtual Reality Training Solutions● Fire and Emergency New Zealand - Escape My House● Fisher & Paykel Healthcare - Optiflow Junior - Therapy Growth and Product Preference● Shuttlerock● Spring Sheep Milk Co. - New Zealand's Gentlest Milk● Workhere New Zealand - LookSee Wellington● Zavy INNOVATION IN SUSTAINABILITY & RENEWABLE ENERGY - Sponsored by NZ Innovation Council● EcobagsNZ - No to Plastic Bags, yes to Compostable● ecostore● Green Spot Technologies● Little Yellow Bird - Ethically Made Corporate Workwear● Marine Flex - Elastic Mooring● Organic Initiative (Oi)● solarcity New Zealand - solarZero energy service● Yealands Wine Group - Harnessing the power of the sun INNOVATION IN TOURISM & ENTERTAINMENT - Sponsored by Idealog● GeoZone● Haka Tourism Group - An Innovative Business Model● Modern Maori Quartet● Off The Beaten Track● Pop-up Globe Auckland● Sonnar Interactive - Audio Games● Tourism Holdings (THL) - Mighway● Wherewolf INNOVATION IN MAORI DEVELOPMENT - Sponsored by KPMG● Hiakai● Huawei New Zealand - Te Reo Maori Smartphone● Metia Interactive - Takaro● Plink Software - Tipu Te Reo Maori● Punarau Media - Pipi Ma EXPORT INNOVATION OF THE YEAR - Sponsored by New Zealand Trade & Enterprise (NZTE)● Alliance Group - The Omega Lamb Project● ARANZ Geo - Leapfrog 3D Geological Modelling Software● Fisher & Paykel Healthcare - Optiflow Junior 2● fulcrum - The fulcrum HUB● Moxion● Onguard Group - Seismic Systems● Shuttlerock● Timely EXCELLENCE IN SOCIAL INNOVATION - Sponsored by Sovereign● AttitudeLive - Attitude● Fire and Emergency New Zealand - Escape My House● Organic Initiative (Oi)● Plink Software - Tipu Te Reo Maori● Te Whare Hukahuka - Growing Maori Social Enterprise● Te Whare Hukahuka - Ka Eke Poutama● Massey University Wellington - The Design+Democracy Project● The Taranaki Retreat INNOVATION EXCELLENCE IN RESEARCH● Alliance Group - The Omega Lamb Project● Avalia Immunotherapies - Synthetic Vaccines● Dotterel Technologies● Halter● Myovolt - Wearable Vibration Therapy● mango teQ - REYEDR HUD● Sonnar Interactive - Audio Games START-UP INNOVATION OF THE YEAR● Anteater - Premium Edible Insects● Burnsafe NZ - Disposal of Landmines & Unexploded Ordnance● Firstcheck● Hiakai● Mevo - Electric Vehicles On Demand● Moxion● Previously Unavailable - Toothcrush● SolarBright - DATAeye EMERGING NEW ZEALAND INNOVATION - Sponsored by Regus● Cream● Kami● Marine Flex - Elastic Mooring● MARS Bioimaging● Simply Payroll● StockX - A Smarter Exchange● WaterOutlook● Zavy DISRUPTIVE & BREAKTHROUGH INNOVATION - Sponsored by Westpac NZ and the NZ Government● ARANZ Geo - Leapfrog 3D Geological Modelling Software● Avalia Immunotherapies - Synthetic Vaccines● Fisher & Paykel Healthcare - Optiflow Junior 2● Flick Electric Co.● Halter● MARS Bioimaging● Moxion● Rocket Lab● SolarBright - DATAeye YOUNG NEW ZEALAND INNOVATOR - Sponsored by MOTAT● Erik Zydervelt - Mevo● Henry Lane - Corvecto● Jarek Beksa - Sonnar Interactive● Jody Burrell, Bop Murdock, Sarah Tuck - CoLiberate● Samantha Jones - Little Yellow Bird● Shay Wright - Te Whare Hukahuka MOST INSPIRING INDIVIDUAL - Sponsored by 3M● Asantha Wijeyeratne (Peter) - Simply Payroll● Helen Robinson - Organic Initiative● Katie Hinsen - Blue Collar Post Collective● Peter Beck - Rocket Lab BAYER SUPREME NEW ZEALAND INNOVATION - Sponsored by Bayer New ZealandWinner to be announced on the night. THE PEOPLE’S CHOICE AWARD - Sponsored by RadioLIVE● All finalists - public voting open from September 12 via www.innovationawards.org.nz
| A New Zealand Innovation Council release with MakeLemonade || September 4, 2017 |||
Wool carpet sales hit the floor
Delegat Group names John Freeman as incoming managing director
NZ commodity prices fall further in August says ANZ
NZers Launch Ultimate Hot Desk Tool
Failed boat trailer company Balex given new life
Martin Jetpack suspended from share trading
NZ electricity firms switch up tech efforts
World changing Kiwi innovations finalists named
As part of the The New Zealand Institute of Architects 2017 Festival of Architecture, ArchitectureNow, in association with Atelier Aitken, Monmouth Glass Studio, The Sawmill Brewery, Open Media Lab and ACE - Architecture and Civil Engineering Association, presents a technology-focused exhibition between 9 and 17 September in Silo Park, Wynyard Quarter. For more info, see here: http://architecturenow.co.nz/calendar/exhibitions/future-intelligence-in-architecture-exhibition/ And while you're here.... check out this cool video by Atelier Aitken on bio-design below.
Planning to visit Nuie? Read some of our tips here: https://goo.gl/juQLdt #niue #tips #travel #mondotravelnz #therockofthepacific #therock #watersports #swimming #snorkelling #diving #fishing #caves #chasms #jungle #reef #coral #whales #whalewatching #dolphins #marinelife #nature #beauty
United Airlines has confirmed it will operate a larger 777-300ER aircraft on its seasonal Auckland-San Francisco route when it recommences services from 31 Oct--featuring its flash new Polaris business class product. https://goo.gl/UGVKZ5 #travel #airline #united #unitedairlines #777-300er #polaris #auckland #newzealand #sanfrancisco #usa #unitedstates #america #letstravel #mondotravelnz
Goods and Services Trade by Country: Year ended June 2017 – for more data and analysis
Goods and Services Trade by Country: Year ended June 2017 – Media Release
New Zealand’s two-way trade with the Association of Southeast Asian Nations (ASEAN) was $15.2 billion in the June 2017 year, Stats NZ said today. Goods and services exported to ASEAN countries totalled $6.3 billion, and imports totalled $8.9 billion. New Zealand’s trade deficit with the combined ASEAN countries was $2.6 billion.
ASEAN, established in August 1967, had Indonesia, Malaysia, the Philippines, Singapore, and Thailand as original members. Countries that joined later were Brunei Darussalam, Cambodia, Laos, Myanmar, and Viet Nam.
“Fifty years ago, we exported nearly $16 million worth of goods to the five original ASEAN countries,” international statistics senior manager Daria Kwon said. “That’s around $160 million in today’s value.”
New Zealand imported $11 million worth of goods from the five countries in 1967 (approximately $94 million in current dollars). Two-way trade with ASEAN was $27 million (just over $251 million in current dollars), which included a surplus of $5 million (around $63 million in current dollars). In 1967, services were not included in Stats NZ’s exports and imports data.Dairy products, petroleum, and cars the main goods traded
New Zealand exported $5.0 billion worth of goods to ASEAN countries in the June 2017 year, and imported a total of $7.1 billion worth of goods.
Dairy products (including milk powder and cheese) were the main goods exported to ASEAN, followed by meat, logs, fruit, and wood pulp and waste paper. A total of $2.4 billion of dairy products were sent to ASEAN in the June 2017 year, with $524 million to Malaysia alone. Malaysia received most of New Zealand’s dairy products this year, followed by the Philippines ($474 million) and Indonesia ($400 million).
Petroleum and related products was New Zealand’s largest goods import from ASEAN in the June 2017 year. Petroleum imports from ASEAN decreased in recent years as other sources were used, such as the United Arab Emirates. New Zealand imported $1.4 billion worth of petroleum from ASEAN in the June 2017 year, half of what was imported in the June 2013 year. Most these petroleum imports came from Singapore ($982 million).
Since 2013, the value of vehicles and parts imported from ASEAN has doubled to reach $1.3 billion in the June 2017 year. The majority of these vehicles are from Thailand, where cars and trucks are made under licence for Japanese, American, and other international car makers.
In 1967, New Zealand’s main goods exports to ASEAN were dairy products, followed by frozen meat, tallow, then wood pulp and waste paper.
“Although the goods we exported to ASEAN this year were similar to those in 1967, the value and volume of this trade has increased,” Ms Kwon said. “Our main imports from these countries in 1967 were crude and synthetic rubber, kerosene, and petroleum.”Travel and transportation the main services traded
New Zealand imported $1.8 billion worth of services from ASEAN in the June 2017 year, and exported a total $1.4 billion worth of services in return.
Travel was the largest services export to ASEAN ($1.0 billion total), with personal travel to New Zealand contributing $613 million to the economy. By country, Malaysia and Singapore had the highest number of total visitors to New Zealand.
Transportation was our largest services import from ASEAN in the June 2017 year ($669 million), with Singapore accounting for most of this. Imports of transportation services also includes New Zealanders travelling to and from Singapore on non-resident airlines.
There were 1,301 flights that arrived in New Zealand from Singapore in the June 2017 year, and 1,286 flights that departed from New Zealand to Singapore over the same period. Over 23,000 New Zealand-resident travellers listed Singapore as their main destination in the June 2017 year, mostly for holidays or to visit friends and relatives.
| A StatisticsNZ release ||September 4, 2017 |||
Kegstar has acquired Keg Lease Pty Ltd, a specialist keg leasing company that focusses on the Australian craft beer industry.
Keg Lease was previously owned by brewing ingredients supplier Bintani.
“Since commencing operations in December 2012, Keg Lease has grown to be a major supplier of keg leasing services in the Australian market with in excess of 21,000 kegs currently leased to over 125 customers,” Bintani said in a statement.
“We now feel the time is right for Kegstar to continue the growth of Keg Lease with its strong access to capital as part of Brambles and the opportunity to provide integrated keg solutions that incorporate both leasing and pooling.”Kegstar has incorporated the Keg Lease fleet into its current operations, giving brewers and other beverage manufacturers the option of keg pooling or keg leasing services.
Kegstar General Manager, Nick Boots, said: “This exciting acquisition provides Kegstar customers with with a broader variety of flexible keg management options to match their needs. Having a comprehensive leasing option alongside Kegstar’s well-established keg pooling solutions will be attractive to a broader catchment of producers. We will launch the Keg Lease business in New Zealand in October.”
Kegstar launched in 2012, with global supply chain logistics company Brambles acquiring a 30% stake in the company in 2014 and taking complete ownership on 1 December 2015.The acquisition means Kegstar can now offer customers branded kegs.
Kegstar CEO Adam Trippe-Smith told Brews News: “There’s proven to be a demand for keg leasing for either start-up phase breweries, or single state breweries or breweries that want branding on the keg. Up until now we haven’t offered that and we do see a demand for it. If that’s what customers want, we want to be able to offer it to them.”
Bintani Australia will remain involved in selling and repairing kegs through its Keg Services operations.
| A Drinks Bulletin release || September 4, 2017 |||
Foreign Minister Gerry Brownlee today named diplomat Pam Dunn as New Zealand’s Ambassador to the Association of South East Asian Nations (ASEAN).
"The ASEAN region is a key political and security partner for New Zealand," Mr Brownlee says.
"Ms Dunn will be based in Jakarta alongside our Ambassador to Indonesia, and will work to deepen the trading and political relationship.
"She will also be able to offer New Zealand’s support and expertise in areas such as agricultural development, education, disaster relief, collective security and combating transnational crime.
"Our exports to the 10 ASEAN countries totalled more than NZ$6 billion in the previous financial year, predominantly from goods in the agriculture and forestry sectors but also from services.
"This trade is underpinned by the ASEAN-Australia-New Zealand Free Trade Agreement (AANZFTA)."
"We hope to grow this significant trade and economic relationship, particularly in education and tourism," Mr Brownlee says.
Ms Dunn was most recently Private Secretary, Foreign Affairs in the office of the Minister of Foreign Affairs and has previously worked in Beijing and Shanghai.
| A Beehive release || September 4, 2017 |||
Palace of the Alhambra, Spain
By: Charles Nathaniel Worsley (1862-1923)
From the collection of Sir Heaton Rhodes
Oil on canvas - 118cm x 162cm
Valued $12,000 - $18,000
Offers invited over $9,000
Contact: Henry Newrick – (+64 ) 27 471 2242
Mount Egmont with Lake
By: John Philemon Backhouse (1845-1908)
Oil on Sea Shell - 13cm x 14cm
Valued $2,000-$3,000
Offers invited over $1,500
Contact: Henry Newrick – (+64 ) 27 471 2242