Retail in Asia

In Markets

NZ looking to tap into Indonesia’s middle class

Indonesian’s growing middle class has not gone unnoticed in New Zealand.

The Pacific country is seeking to strengthen trade ties with the archipelago nation, with New Zealanders confident they have sought-after export products.

New Zealand Trade Minister Tim Groser said the substantial middle class in Indonesia, complemented by a consistent economic growth at about 6.5 percent – interrupted briefly in the late 1990s by the Asian economic crisis – and the ASEAN-Australia-New Zealand Free Trade Agreements that entered into force in January, would pave the way for a new economic relationship with Indonesia. 

(Source: Jakarta Globe )