According to Francois & Nelson (2014), government’s support is important to international trade, where great benefit has been brought to European Union.
This is also true in New Zealand. Mather (2014) reported a new about an organization called ATEED (Auckland Tourism, Events and Economic Development), an organization is created by government. The purpose of this organization is to help New Zealand to attack more foreign investment. Mather mentions that Waikato regional councilors spend time on listening to the tips of success and benefits brought by ATEED to Auckland.
ATEED is a typical service organization. It is created and fully controlled by Auckland City Council. The purpose of this organization is to carry out communications, and marketing to support Auckland (ATEED, 2014). ATEED has a Business and Sector Development team that to:
- Identify and build high-growth business
- Ensure Auckland’s key business sectors could growth continuously
- Provide support and help to innovation in Auckland
- Attract more talents to Auckland (ATEED, 2014).
Solid evidence could prove ATEED’s success that the economics of Auckland has significant increase in the financial year of 2012-2013. There are $34 million New Zealand dollars direct foreign investments in Auckland and ATEED provide support and help to more than 100 companies in their supporting program (ATEED, 2013).
New Zealand government has many other similar organizations or departments for business support for international business, and Ministry of Foreign Affairs and Trade is another typical example. Ministry of Foreign Affairs and Trade could provide support on trade negotiations, overcome informal barriers, commercial information, political advice, and so on. In addition, this department is in charge of trade relations and agreement, which could enhance market access for international trade companies. Ministry of Foreign Affairs and Trade also establish particular strategies to cooperate with important international trade partners, e.g. China and India (Ministry of Foreign Affairs and Trade, 2015).
ATEED. (2013). Annual Report for the year ended 30 June 2013. Retrieved from http://businessaucklandnz.com/resources/ATEED_Annual_Report_2012-13.pdf.
ATEED. (2014). Auckland Tourism, Events and Economic Development. Retrieved from: http://www.aucklandcouncil.govt.nz/EN/aboutcouncil/representativesbodies/cco/pages/tourism_events_economic_development.aspx.
Francois, J., & Nelson, D. R. (2014). Political support for trade policy in European Union. European Journal of Political Economy. 36, 243-253.
Mather, M. (2014). Regional council get tips on economic growth. Retrieved from: http://www.stuff.co.nz/waikato-times/news/10381038/Regional-council-get-tips-on-economic-growth.
Ministry of Foreign Affairs and Trade. (2015). Trade and Economic Relations. Retrieved from http://mfat.govt.nz/Trade-and-Economic-Relations/index.php.