Well, that might be. But if you want the full license of another ICAO countrie. All you need is take the airlaw exam, and 1 flight with a "examiner".
I think most countries carry the caveat that you must have met all their licencing requirements, such as minimum hours etc etc.
For example, and I am sure someone will correct me if I'm wrong, but the NZ licence requires some external load training. If you do not have that training, I am led to believe that they will not afford you the licence until you complete such training.