Korean students to bring $4.3 million to Bay economy
Nearly 140 Korean students recruited at school fairs in Korea by Education Tauranga will come to New Zealand in 2016, injecting around $4.3 million into the local economy.
“I am delighted to see a growing vibrancy in our education sector in the Bay as more families abroad see the value of sending their children to our schools”, local MP Todd Muller says.
“This is a fantastic result for our region as the estimated number of Korean students studying in the Bay of Plenty should reach 350 next year”.
The school fairs were funded by the 21 participating Education Tauranga schools and also received support from the Ministry of Education.
New Zealand’s relationship with Korea has grown tremendously this year with our Free Trade Agreement being passed through Parliament in September. In the first year alone the FTA will save exporters $65 million in duties, particularly in vital industries to the Bay of Plenty such as kiwifruit, horticulture and forestry.
“Korea is a vital partner for the Bay of Plenty. We are becoming more culturally diverse and the partnership is supporting growth in our local economy and jobs sector”, Todd Muller says.