Local Govt | National News Video | Parliament Headlines | Politics Headlines | Search

 

Richest And Poorest Have Pre-APEC Meeting

by Selwyn Manning

Inside APEC Series - United States Secretary of State Madeleine Albright is a step closer to landing in Auckland for APEC after arriving in Vietnam today.

Ms Albright was earlier in the Middle East on a whistle-stop peace visit before landing in Hanoi to discuss human rights, trade, and American servicemen still missing from the Vietnam War.

The visit brings the richest and the poorest of APEC’s countries another step closer after decades of diplomatic silence began to thaw in 1995. It also paves the way for similar talks once the leader’s arrive in Auckland on Saturday.

Other agreements discussed today between the USA and Vietnam include airline code-sharing between Vietnam Airlines and a U.S. carrier, and cooperation in science and technology.

A financing deal requires Hanoi to provide sovereign guarantees to the U.S. Export-Import Bank, which in turn would provide export credit insurance, loan guarantees and loans to support exports to Vietnam's public sector.

Five main agreements will erase trade barriers and free up financing for U.S exporters. It had been hoped that the agreements would be ready for signing between the two countries at Auckland late this week. But reports today show this to be unlikely after the Vietnamese decided to go slow on the deal.

The trade agreements will firm Vietnam’s trade and economic reforms after opening up the tiger economy to foreign joint venture agreements in 1993.

New Zealand companies such as Iddison Group [a mining exploration and exploitation company] entered into joint venture agreements with the Vietnamese government in 1994. It found the bureaucracy there slow to move and tiresomely burdened. Its advice to investors was: when brokering with the Vietnamese, take with you plenty of time. But such ventures paved the way for other forms of investment.

Albright had meetings today with Vietnamese Prime Minister Phan Van Khai, Foreign Minister Nguyen Manh Cam and the secretary general of the Communist Party, Le Kha Phieu.

Relations between Vietnam and the United States have been improving since 1995, when they established normal ties.



© Scoop Media

 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

National Terrorism Threat Level Moves To Medium
Medium is defined as a terrorist attack is assessed as feasible and could well occur. The new level remains higher than it was before the 15 March terrorist attack when the threat level was low. More>>

SCOOP COVERAGE: CHRISTCHURCH MOSQUES TERROR ATTACK


Environment Aotearoa 2019: Report Warns Environment In Serious Trouble

The report is jointly produced by the Ministry for the Environment and Statistics New Zealand, and is a follow on from the last report in 2015.

The report says the way New Zealanders live and make a living is having a serious impact on the environment, and the benefits New Zealanders get from being in nature, though not measured or quantified, could be lost. More>>

 

Gordon Campbell: On Scrapping The Capital Gains Tax

As PM Jacinda Arden said yesterday, there was no point in Labour bringing a proposal into the House that it didn’t have the votes to get passed. Looking back, maybe she always felt this outcome to be inevitable... More>>

ALSO:

City Rail Link: Billion Dollar Cost Rise (And Preferred Bidder)

The revised cost envelope for completing the entire Auckland City Rail Link project now totals $4.419 billion. The revised cost has yet to be endorsed by the project’s sponsors (the Crown and Auckland Council). More>>

ALSO:

Meth Scare: Debt Write-Off For HNZ Meth Testing Evictions

People living in Housing New Zealand (HNZ) properties who were wrongly evicted because of flawed methamphetamine contamination policies will have their related debts with the Ministry of Social Development (MSD) written off. More>>

ALSO:

RNZ Report: Fears Grow For NZ Nurse Kidnapped In Syria

A New Zealand nurse working for the Red Cross was captured by Islamic State (IS) in Syria more than five years ago, and there are now public pleas for any information that could help bring her home. More>>

ALSO:

Streets Blocked In London: Climate 'Extinction Rebellion' Reaches Aotearoa

Across the world, thousands of people are taking part in a rebellion to avert climate, ecological and human catastrophe. This begins in Aotearoa New Zealand today. More>>

ALSO:

 
 
 
 
 

LATEST HEADLINES

  • PARLIAMENT
  • POLITICS
  • REGIONAL
 
 

InfoPages News Channels