The Ministry of Foreign Affairs and Trade (MFAT), as part of the Market Intelligence Report series, has published the New Caledonia Market Update.
New Caledonia has a strong industrial base centred around mining and refining nickel. New Caledonia represents 25% of global nickel reserves and its three refineries account for 90,000 tonnes of refined nickel per annum.
New Zealand trade has historically been concentrated on food and beverage (dairy, meat and fruit) as well as wood products and machinery. New Caledonia is wealthy and developed compared to other Pacific markets with a GDP of US$10 billion and a population of 270,000.
Opportunities for New Zealand include continued growth in certain niche food and beverage as well as manufactured goods exports (particularly in the marine sector), as well as partnering through technology and expertise to support a number of New Caledonia’s economic priorities.
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