At the bottom right-hand corner of the world map lies the region of Australasia, home to major economies Australia and New Zealand. Both countries have strong trade relationships with each other and are known for high-quality exports and environmental consciousness. The South-Pacific nations attract millions of tourists annually, offering beautiful beaches, wildlife, and nature.
Australia has set a clean energy target, aiming for 33,000 gigawatt-hours of renewable electrical energy generated per year by 2020. This presents opportunities for firms experienced in wind, solar, or hydro-electric energy production. Additionally, the National Food Waste Strategy aims to halve food waste by 2030, creating opportunities for innovation in food production and consumption within the manufacturing industry.
In New Zealand, the government is working towards onshore recycling processing following China’s ban on recycled materials import. The country is also banning single-use plastic bags, creating a growing market for alternative packaging solutions. Both countries have a strong focus on reducing waste and promoting environmentally friendly practices.
Navigating the business environment in Australasia can be complex, and companies looking to do business in the region can benefit from engaging with a local partner. Biz Latin Hub offers back-office services, including commercial representation and company formation, to help businesses establish and succeed in Australasia. For more information, businesses can contact Biz Latin Hub.
