New Zealand targets to double its exports to the Philippines by 2025 in an effort to cement economic ties between the two nations.
“My target is to double New Zealand exports to the Philippines by 2025. So, from NZ$750 million [in exports last year] to NZ$1.5 billion by 2025, that will be my target,” New Zealand Trade Commissioner Hernando Banal II told reporters in a briefing Tuesday.
Wellington aims to grow the share of exports in gross domestic product to 40 percent by 2025 from 20 percent.
“The Philippines is a very important market for New Zealand,” Banal said.