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  • 31 Oct 2021 3:24 PM | Mike Hearn (Administrator)

    IP-licensing company, Hammerforce, has signed a multi-million dollar exclusive global licencing agreement with a FTSE100 company that will lead to the design and delivery of a range of fully customised end-products that use Hammerforce’s ground-breaking valve technology.

    Hammerforce CEO, Andy Coster, talking from the London office, said “Securing another multi-year partnership deal with a leading global company in a completely different industry is further proof that our novel valve technology is transforming the way many industrial sectors operate.

    “Hammerforce’s patented valve system has novel features which allow improved designs in two distinct types of valve application. The first is in flow control valves where the unique balancing and compact size allow cost effective applications in situations where there are ‘difficult’ constraints in controlling the flow of gasses or liquids in industrial processes. The second type is pulse flow valves where the technology allows significant performance improvements over current options within a simple, durable design. The performance benefits and high efficiency of the pulse flow valve system allows it to be paired with a very high-pressure gas source such as compressed air enabling applications into piston and launcher applications, particularly those requiring remote or portable deployments.

    “As well as performance advantages, Hammerforce’s valve solutions have inherent size and cost benefits, while the ‘green’ air-powered piston and launcher devices also have compelling ESG, sustainability, safety, and supply chain benefits that ‘dirty’ legacy power sources can’t match.

    “We are currently working with companies across a diverse range of industries and we’re really excited to be partnering with this company to develop a range of fully customised end-products,” said Mr Coster.

    https://www.hammerforce.com/

  • 27 Oct 2021 4:45 PM | Mike Hearn (Administrator)

    Tauranga-based company’s natural pharmaceutical products to hit shelves in all 50 US states.

    Kiwi natural pharmaceutical company, TRG Natural Pharmaceuticals (formerly HoneyLab), will see its products sold across all 50 states in the US as part of its licencing deal with Taro Pharmaceuticals. This deal is a key contributor to TRG’s 10-20 fold increase in sales this year.

    Launched under the brand Bee RX, the range includes topical kānuka honey based cold sore, acne, and rosacea treatments. First launched online at Target, the first drop of product sold out within hours. Bee RX will also be sold in major pharmacy chains, in total representing more than 21,000 stores and giving TRG a strong foothold across every state in the US.

    The brand is being fronted by Golden Globe and Emmy nominated actress and singer, Mandy Moore, well-known for the TV show ‘This is Us,’ and Erika Thompson of Texas Bee Works is the Bee RX ambassador.

    TRG Natural Pharmaceuticals CEO, Anthony Lawler, says seeing stock on international shelves is a huge achievement for the business.

    “Seeing our products on shelves in the US has been a key milestone for TRG. To see Bee RX selling out within hours of going on sale has surpassed our expectations.”

    Mr Lawler says the business has navigated the unique challenges of a global pandemic on supply chain management, and business development.

    “We have faced our fair share of Covid-19 induced setbacks. Not only have supply chain issues impacted our manufacturing capacity and product distribution timelines, but closing deals and building important relationships with distributors such as Taro can be difficult when you can’t meet face-to-face.”

    Diving back into global business

    With international travel off the cards for the last 18 months, founder Dr Shaun Holt is travelling to the US in August for two months to support TRG’s rapid expansion into the market. He will also visit Europe until year end to open the door into these territories.

    A medical doctor and natural health expert, Dr Holt recently featured on Netflix’s documentary (Un)Well, bringing much international attention as well as praise for his innovation in the health and wellbeing retail space. He was also a finalist in the 2019 EY New Zealand Entrepreneur of the Year awards.

    “While we have built strong relationships with licensing partners virtually, video calls can only get you so far. It’s vital for us to continue building relationships and meeting potential new licensing partners face-to-face,” Dr Holt says.

    “TRG Natural Pharmaceuticals has ambitious plans to continue expanding globally, and I look forward to showcasing our scientifically-proven New Zealand natural healthcare products in person.”

    The evolution to TRG Natural Pharmaceuticals

    HoneyLab has changed its name to TRG Natural Pharmaceuticals, having greatly evolved in the past decade. Starting out as HoneyLab and specialising in pharmaceutical-grade, clinically proven honey-based healthcare products, the company is currently best known for its cold sore product, Honevo.

    While honey is still important for TRG, the company is now developing other natural ingredients to create clinically proven natural healthcare products.

    “The name TRG Natural Pharmaceuticals comes from the airport city code for Tauranga where the company was founded. We needed a name that better aligns to our future plans.”

    “The name change represents a need to convey how the company has expanded and to better reflect the pipeline of products currently in development. We look forward to sharing these in due course, Dr Holt concludes.

     

    About TRG Natural Pharmaceuticals

    TRG Natural Pharmaceuticals (formerly HoneyLab) is a New Zealand pharmaceutical company developing health products from natural sources. The company has undertaken the world’s largest programme of medical honey research. Their patented topical honey formulation, Honevo, is proven in the treatment of cold sores, rosacea and acne, with clinical results published in the acclaimed British Medical Journal Open.

    The licence agreement with Taro Pharmaceuticals, TRG Natural Pharmaceuticals’ first large-scale deal, covers the territories of USA, Canada and Israel and covers eight products: the topical kānuka honey range Honevo, the bee venom-based cosmetic range Kanu, and Rubeeven, a natural topical treatment for joint and muscle pain.

  • 27 Oct 2021 4:42 PM | Mike Hearn (Administrator)

    GMSV has revealed that Australia and New Zealand will be amongst right-hand drive markets which will receive the all-new 2023 Model Year Corvette Z06.

    “It was announced this morning that the Corvette Z06 will be manufactured in both left and right-hand drive and we’re incredibly excited to confirm GMSV in Australia and New Zealand will be part of the global programme,” said Joanne Stogiannis, Director of GMSV.

    “News that the C8 was available as right-hand drive was reason enough to make Corvette enthusiasts cheer, but this latest update is absolutely phenomenal.”

    The 2023 MY Corvette Z06 will be manufactured at the Bowling Green Assembly Plant and left-hand drive production will commence in the North American summer of 2022, with right-hand drive production to start some months later.

    The 2023 MY Corvette Z06 debuts an all-new naturally aspirated LT6 5.5L DOHC V-8 engine and features an all-new flat-plane crankshaft design which allows the engine to rev to 8,600 rpm.

    The LT6 is hand assembled by master engine builders at the Performance Build Center within the Bowling Green Assembly Plant in Kentucky. Builders use precision tooling and hand fit pieces of the engine to meet Chevrolet’s exact specifications. Each engine features a plaque on the intake manifold with the signature of the technician who crafted it from start to finish.

    Performance credentials of the Z06 build on the already impressive foundation laid by Stingray. For example, the Z06 delivers greater braking capability, with larger 14.6-inch-diameter (370 mm) front and 15-inch-diameter (380 mm) rear Brembo® rotors, compared with the Stingray. The Z06 also features 6-piston front calipers compared to 4-piston calipers on Stingray.

    Additional highlights of the 2023 Corvette Z06 include:

    • A stance 3.6 inches (9.4 cm) wider than the Stingray, accommodating massive 345-series rear tires and more airflow through side air vents
    • Unique front and rear fascias, a first for Z06. The front fascia is designed to optimise the Z06’s cooling needs, including channeling air to a centre heat exchanger, which is one of five for maximum cooling performance
    • A unique, standard reconfigurable rear spoiler with adjustable wickerbill elements designed to improve high-speed stability and cornering capability on a racetrack
    • Standard 20-inch (50.8 cm) front and 21-inch (53.3 cm) rear forged aluminium “spider” wheels (with five available finishes) — the largest wheels ever available on a production Corvette

    "Details such as price, anticipated arrival timing and number of vehicles allocated to our market will be revealed next year,” said Ms Stogiannis.

    “In the meantime, we’re looking forward to the first C8 customer cars shipping from Bowling Green to Australia and New Zealand in coming weeks and can’t wait to deliver these to their new owners.

    “It is an incredibly exciting time to be a Corvette fan!”

  • 26 Oct 2021 11:59 AM | Mike Hearn (Administrator)

    Canned wine exporter Joiy Wines has launched a multimillion-dollar expansion into North America, after turning the head of supermarket chain Whole Foods.

    The Wairarapa winemaker said it was approached by the US$16bn retail chain after a win in a major canned wine competition.

    It was now launching into the retailer and expected to double its current production of 700,000 cans for five export markets this year. Long-term plans would see it increase production volumes to more than seven million units per annum.

    Joiy Wines co-founder Cath Hopkin said the company’s focus from the outset has been taking premium wines into small format packaging.

    “Originally we could see that the spirit and beer categories were thriving in small format and yet wine was nowhere to be found. If we ever made a 375ml bottle it was a lower volume run for a hotel group or airline. We then saw an opportunity to specialise in this category and moved our entire product range into cans.

    “The domestic and export demand is now there, and we are seeing small format wines resonate strongly with millennials as well as our core target demographic aged 35+ who are choosing these products for a range of convenience and health reasons – such as portion control, lower alcohol, sugar and calories.”

    The international market for canned wines was growing at a rate of 13% per annum and was projected to reach over $807m by 2028. This compares with the bottled wine category, which remained stagnant with a growth rate of 4%.

    Joiy Wines exported to five markets and has found success in government-run monopoly markets like Canada and more recently Norway, where it could compete on a level playing field against much larger suppliers.

    Hopkin said that in addition to providing a vessel that connects with consumers from a design perspective, development of canned wines has allowed the company to address a number of shortcomings of the bottled wine format – including the challenges around heavier shipping weight and fragility of glass.

    “The technology we use has now advanced to the point that the lining of can protects the premium wine better than glass, preventing light strike and allowing us to produce a product that is shelf stable for four years – a significant competitive advantage for us on the international market.”

    Co-founder and winemaker Chris Archer said that when the duo first brought forward the idea of producing canned wine, they were initially met with a lot of resistance from the local wine industry.

    “When we first set out to develop a market for canned wine it was at a time when the industry had not been telling a compelling story which was able to connect with the next generation of consumers and was losing share to competing products like RTDs,” he said.

    “Today there is much greater recognition that the level of innovation we are introducing is the way forward for New Zealand wine and are now spending a lot of time on the speaking circuit as a case study.”

    Archer said the successful entry into the US market would put pressure on an already limited local grape supply, with projections suggesting their production volumes could increase tenfold overnight.

    Joiy Wines latest innovation was a range of wine seltzers, as well as its Mimosa canned wine cocktail, which has already secured a listing with the world’s largest liquor buyer LCBO in Canada.

    Source: https://www.foodticker.co.nz/

  • 23 Oct 2021 11:41 AM | Mike Hearn (Administrator)

    ATLANTA, GA – September 20, 2021 – Xplor Technologies, LLC (the “Company”) today announced that it has submitted a draft registration statement on a confidential basis to the U.S. Securities and Exchange Commission (the “SEC”) relating to its proposed initial public offering of common stock. The Company intends to commence the public offering following completion of the SEC review process, subject to market and other conditions.

    This announcement is being made pursuant to and in accordance with Rule 135 under the Securities Act of 1933, as amended (the “Securities Act”). As required by Rule 135, this press release does not constitute an offer to sell or the solicitation of an offer to buy securities, and shall not constitute an offer, solicitation or sale in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of that jurisdiction. Any offers, solicitations or offers to buy, or any sales of securities will be made in accordance with the registration requirements of the Securities Act.

    About Xplor Technologies

    Xplor Technologies is a global platform integrating software, payments and Commerce Accelerating Technologies. Xplor provides enterprise software solutions for businesses in ‘everyday life’ industries: Childcare & Education, Fitness & Wellbeing, Field Services and Personal Services – and a global, cloud-based payment processing platform.  

    To learn more visit: https://www.xplortechnologies.com/

  • 23 Oct 2021 10:51 AM | Mike Hearn (Administrator)

    New Zealand Trade Commissioner, Los Angeles, Haylon Smith, and supermodel and actress, Rachel Hunter, recently joined T&G Global in Los Angeles to celebrate the Envy™ apple brand’s outstanding success in the North American market.

    Over the past year, more than 2.1 million cartons of Envy™ apples were sold in the U.S. The in-demand premium apple brand has skyrocketed to the top of the sales charts for a branded apple, earning 18.3% dollar sales growth and 18.0% volume growth (Source: Nielsen, Total U.S., Apple Category, L 52 weeks ending September 11, 2021).

    In addition, the apple was recognized as “Best in Produce” by Kitchn in its 2021 “Kitchn Essentials: Grocery Edition,” an annual selection of the must-have grocery items hand-picked by Kitchn editors.

    First launched in North American produce departments in 2010, after years of extensive evaluation by New Zealand researchers and apple growers to ensure the variety meets and exceeds consumer expectations, Envy™ is an apple renowned for its beautifully balanced flavor, uplifting aroma, crisp texture, and slices that stay white for longer. These are qualities prized by consumers around the globe, including in the U.S., with T&G Global’s recent U.S. shopper study finding Envy™ outperformed popular branded and mainstream apple varieties in frequency of shopping trips, spend per trip, buy rate and average basket size.

    Today, Envy™ apples are grown in 15 countries, each carefully selected for its prime growing regions to produce Envy™ apples at the quality international consumers now expect from the brand. In the U.S., Envy™ apples are grown only in Washington state’s pristine apple growing regions. 

    New Zealand’s Trade Commissioner in Los Angeles, Haylon Smith says “It’s great to see Envy™ supported by its hard working and dedicated apple growing community and its strong supply chain, succeeding in the U.S. market. The U.S. is crowded and competitive, so here at New Zealand Trade and Enterprise we work alongside Kiwi brands to help them grow and succeed. Envy™ has really captured and shared its New Zealand origin story and commitment to harnessing innovation and high quality as part of its premium positioning.”

    New Zealand Trade and Enterprise (NZTE), which proactively supports the international growth and success of New Zealand products, has supported Envy™ apples in the U.S. with its “Made with Care” campaign, a global marketing initiative designed to grow awareness, preference and demand for New Zealand food and beverage products around the world.

    Another proud New Zealand “export,” internationally acclaimed supermodel, actress and television host Rachel Hunter, has partnered with T&G Global to raise awareness of Envy™ apples. Rachel commented, “Coming from New Zealand, I’ve always had an appreciation for the care and dedication that our growers put into their produce. Almost every industry has faced unique COVID-19 related challenges over the last year and a half, and our community of growers have shown true New Zealand spirit in overcoming these challenges. It was great to meet with Trade Commissioner, Haylon Smith, to celebrate the 2021 season of Envy™ apples grown back home, and the continued success of these beautiful apples which are also grown here in the United States. I have long been a fan of Envy™ apples and it’s wonderful to see delicious Envy™ apples in stores worldwide.”

    T&G Global’s Head of Marketing for North America, Cecilia Flores Paez was honored to accept recognition from these well-respected New Zealand representatives. “It is a joy to be a part of this beloved brand that exists today thanks to incredible dedication to innovation and commitment. New Zealand’s apple industry brought a beautiful piece of fruit to the world, truly providing the ultimate apple experience,” she said. “Envy™ continues to earn its success with every single bite, and we are introducing it to more and more consumers now that it is sold in nearly all major supermarkets in North America.”

    Envy™ is marketed by CMI Orchards, Rainier Fruit Co. and Oppy. Visit envyapple.com

    Source: https://www.thepacker.com/

  • 19 Oct 2021 11:26 AM | Mike Hearn (Administrator)

    Nelson snack food startup Little Beauties is scaling up and chasing export growth following a $2.5m capital raise earlier this year with the US the latest country in its sights.

    While retail sales are the ultimate goal, Little Beauties has gained a foothold in America via New York-based e-commerce platform SnackMagic, which was launched in 2020 to deliver customised snackboxes to American office staff now working from home.

    “It’s been more challenging getting into the US bricks and mortar space, however, we have been able to make some good progress with our online sales,” chief executive Rob Simcic told the Ticker.

    “The appetite for risk and the sheer capacity for buyers to make time for a conversation has been reduced because there has been enormous staffing pressures in the US [due to Covid-19].”

    The US is the third export market after Australia and Japan for the three-year-old company, which was founded by the Wastney family to turn third-grade fruit from their family orchard into what is now a six-product range of high-value dried fruit products.

    Simcic came on as chief executive in 2019 from ANZ Bank as a food and beverage specialist. Tasked with scaling up the business and taking it on its export journey, Simcic led the Series A funding round via his network of investors earlier this year. He is also a shareholder.

    “There’s been significant investment in people, a capital component in terms of our [capital expenditure], and a significant investment in building our path to market now through sales and marketing,” he said.

    “When you’re growing at 100% or more and you’ve got designs on long-term export growth you’ve really got to resource that and I don’t think you can ever resource that enough.”

    Now, it was about executing those plans with Simcic wanting to grow export revenue from the current 40% to 80% over the next five years. It forecast total revenue growing from less than $2m annually now to $10m within the next 3-5 years.

    Australian sales – around 25% of revenue – were currently all direct through Little Beauties website but Simcic said there were some “pretty promising” negotiations underway with retail buyers and distributors on the ground.

    The company also had a foot in the door in Japan, with its gold kiwifruit and boysenberry products stocked in around a dozen boutique organic foods stores around Osaka and also sold online through Japanese importer Koru Japan.

    “We’re broadening our reach in Japan with some listings through three online platforms. We’re in conversations with a partner who’s looking to get us stocked on platforms Rakuten, Amazon Japan and Yahoo! as well.”

    As for new markets, Simcic said he was “aiming to replicate our direct-to-consumer model in other offshore markets – that’s up the top of our list of priorities.”

    The company currently processed around 150-180 tonnes of fruit at its Nelson factory annually and had expanded its team from 10 employees to between 15-20 in the past year, depending on the season.

    Source: https://www.foodticker.co.nz/

  • 15 Oct 2021 11:48 AM | Mike Hearn (Administrator)

    The Acquisition Accelerates Growth of Rocket Lab's Space Systems Business and Strengthens Position as Leading End-to-End Space Company

    Long Beach, California. October 12, 2021 – Rocket Lab USA, Inc. (Nasdaq: RKLB) (“Rocket Lab” or “the Company”), a global leader in launch services and space systems, today announced it has completed the acquisition of Advanced Solutions, Inc. (ASI), a Colorado-based aerospace engineering firm delivering mission proven space software, mission simulation and test systems, and Guidance, Navigation, and Control (GNC) solutions, for $40 million plus the potential for an additional $5.5 million performance earnout based on CY 2021 results.

    ASI’s industry-leading advances in flight software, mission simulation, and GNC significantly strengthen Rocket Lab’s Space Systems portfolio, which encompasses the Photon spacecraft line and a growing suite of spacecraft hardware solutions, including those brought to the portfolio through the acquisition of Sinclair Interplanetary in April 2020.

    “Both Rocket Lab and ASI have built leading space businesses with mission proven technology and have a shared vision of making it easier to get to space and do incredible things there, so we’re excited to welcome ASI aboard to further enhance our space systems portfolio and deliver enhanced end-to-end space solutions," said Peter Beck, Rocket Lab Founder and Chief Executive Officer. “The ASI team revolutionized flight software and have enabled some of the most significant space exploration missions. For more than 20 years they have been delivering industry-first, off-the-shelf spacecraft flight software products that enable cost-effective and highly capable constellation and interplanetary missions. By joining forces, we believe it will have a transformative effect on the way spacecraft are designed, built, tested, launched, and operated, further unlocking space’s potential.”

    “We’ve found a great fit with Rocket Lab and we’re thrilled to be teaming up with them to continue making space faster, easier and more affordable,” said John Cuseo, ASI Founder and Chief Executive Officer. “The two companies complement each other very well. By coming together, we will continue to serve our customers and innovate in our areas of expertise, including space software and GNC, but now with more rocket fuel in the tank to play with. We look forward to also becoming an integral part of Rocket Lab’s Space Systems business, supporting Photon missions, satellite components, and space and ground software.”

    ASI’s team of almost 60 people will continue to be led by John Cuseo in Colorado, enabling Rocket Lab to grow its presence within the nation’s second-largest aerospace economy and home to cutting-edge space programs, military commands and renowned research laboratories and universities. The ASI team will continue to serve its existing customer base, while leveraging the ability to scale by tapping into Rocket Lab’s resources, team, and technology.

    Founded in 1995, ASI has developed an industry-leading suite of software and technology solutions for reliable space mission design and operation. It’s off-the-shelf spacecraft flight software, MAX, has been operating across more than 45 spacecraft for a cumulative 135 years in space. ASI’s customers include leading aerospace prime contractors, the U.S. Air Force, U.S. DOD organizations, NASA, and commercial spacecraft developers including several of the exciting new space start-ups.

    The ASI team have supported some of the most ambitious Earth, interplanetary, and human spaceflight missions flown. These missions have explored distant planets, connected people on Earth, and pushed the boundaries of what is possible in space. Now, ASI’s engineers and space software products are enabling a wide variety of missions with speed, capability, and reliability.

    About Rocket Lab

    Founded in 2006, Rocket Lab is an end-to-end space company with an established track record of mission success. We deliver reliable launch services, spacecraft components, satellites and other spacecraft and on-orbit management solutions that make it faster, easier and more affordable to access space. Headquartered in Long Beach, California, Rocket Lab designs and manufactures the Electron small orbital launch vehicle and the Photon satellite platform and is developing the Neutron 8-ton payload class launch vehicle. Since its first orbital launch in January 2018, Rocket Lab’s Electron launch vehicle has become the second most frequently launched U.S. rocket annually and has delivered 105 satellites to orbit for private and public sector organizations, enabling operations in national security, scientific research, space debris mitigation, Earth observation, climate monitoring, and communications. Rocket Lab’s Photon spacecraft platform has been selected to support NASA missions to the Moon and Mars, as well as the first private commercial mission to Venus. Rocket Lab has three launch pads at two launch sites, including two launch pads at a private orbital launch site located in New Zealand, one of which is currently operational, and a second launch site in Virginia, USA which is expected to become operational by the end of 2021. To learn more, visit www.rocketlabusa.com

  • 12 Oct 2021 6:20 PM | Mike Hearn (Administrator)

    Hollywood actor Mark Wahlberg is a step closer to bringing his American burger chain to New Zealand after announcing a first Australian venue.

    The famed Wahlburgers will open its first Australian store in Circular Quay, Sydney, before Christmas 2021, Wahlberg said yesterday.

    His Australian business partner, Sam Mustaca, told the Herald that plans were still on track to open one restaurant in Auckland and potentially another in Mount Maunganui, although he was vague about the opening date, indicating "mid next year" for the Auckland one.

    The initial plan was to open mid this year but the rollout had been delayed by Covid-19.

    The Wahlburger chain is a casual dining restaurant and bar founded by Mark and his brothers Donnie and chef Paul Wahlberg.

    They are planning on opening 19 restaurants in Australia over the next five years, plus at least one in New Zealand."Australia will open, subject to Covid-19 restrictions, by Christmas 2021, creating 65 jobs," Mustaca said.

    "It will be open all day from breakfast to late at night and offer a full menu with a couple of Aussie classics, premier bar, full breakfast, coffee/espresso bar, merchandise and souvenirs."

    "It's a big sports bar experience sort of that big American Hollywood flair.

    Wahlburgers is known for its beef burgers, loaded tater tots, boozy shakes, and house beer. It also servers other American items like sloppy Joes and chilli mac and cheese.

    The 20 restaurants to be opened over the next five years will create over 500 jobs and represents a $50 million investment, Mustaca said.

    The Auckland restaurant, planned for the CBD would host about 250 diners, he said, adding that the Mount Manganui venue could be located inside the complex of the United Cinemas at Bayfair.

    "One to two [stores] until we get to five and then we'll regroup and just see where the market lands for Wahlberg in NZ," Mustaca said.

    The United Cinemas is owned and operated by the Mustaca family, across Australia since 1987.

    Bayfair Shopping Centre in Mount Maunganui was a $115 million development project which was completed in December 2020 and was opened on Boxing day the same year.

  • 03 Oct 2021 4:59 PM | Mike Hearn (Administrator)

    October 01, 2021'
    WASHINGTON – United States Trade Representative Katherine Tai today met with New Zealand Minister for Trade and Export Growth Damien O’Connor.
     
    Ambassador Tai and Minister O’Connor discussed the importance of the U.S.-New Zealand trade and investment relationship.  Ambassador Tai reaffirmed the United States’ strong support for APEC and commitment to working collaboratively with New Zealand as it finalizes its APEC Host Year.  Ambassador Tai and Minister O’Connor also discussed their shared commitment to work toward a successful 12th Ministerial Conference.  They also discussed digital trade and the importance of ensuring that trade policies are resilient and inclusive, advancing the needs of workers, consumers, and businesses.  Ambassador Tai reaffirmed the United States’ commitment to the Indo-Pacific region and and importance of collaboration among those with open, free, democratic systems.

    Source: https://ustr.gov/




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