Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 


Senior Chinese delegation expected at APEC meetings

Senior Chinese delegation expected at APEC meetings


As Auckland prepares to welcome the APEC Business Advisory Council (ABAC) meeting this week, a senior Chinese delegation will also attend to explore opportunities for trade and investment with New Zealand.

“We are honoured that China which is hosting APEC this year has invited New Zealand to host the first ABAC meeting for 2014. And we are delighted that as well as the 250 ABAC delegates, a 40-strong Chinese delegation from the APEC China Business Council (ACBC) will also be visiting,” said BusinessNZ CEO Phil O’Reilly.

The delegation will follow a parallel programme of meetings in Auckland and Hamilton and will attend some of the ABAC events.

“China is now New Zealand’s largest trade partner. This visit gives us the opportunity to continue to build key relationships and the value proposition for expanded business with New Zealand,” said Mr O’Reilly.

A key focus for the delegation’s programme is a New Zealand China Forum to be held by the New Zealand China Council.

“The Council’s mandate is to expand the relationship across the board,” said Council Chair Sir Don McKinnon. “The Forum will update New Zealand’s latest economic indicators and consider key issues in the relationship especially in relation to food and agriculture as well as investment and innovation.”

Senior Chinese business leaders from a range of sectors are participating in the delegation. The visit is also aimed at stimulating New Zealand business interest in the APEC CEO Summit to be held in Beijing 8-10 November.

“China’s continuing economic strength is good news but we need to work harder to capitalize on the advantage given by our FTA,” said Phil O’Reilly. “Visits such as this, and the APEC meetings to be held in China this year give us a great opportunity to highlight New Zealand’s capabilities and the win-win benefits from even closer ties.”

The ABAC meeting is being organized by BusinessNZ on behalf of ABAC New Zealand. Major partners include the New Zealand Government, Fonterra, ANZ, ATEED, Auckland Council, Air New Zealand and the Meat Industry Association.

ends

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Economic Update: RBNZ Says Rate Cut Seems Likely

The Reserve Bank will likely cut interest rates further as a persistently strong kiwi dollar makes it difficult for the bank to meet its inflation target, it said. The local currency fell. More>>

ALSO:

House Price Action Plan: RBNZ Signals National Lending Restrictions

The central bank wants to cap bank lending to property investors with a deposit of less than 40 percent at 5 percent and restore the 10 percent limit for owner-occupiers wanting to take out a mortgage with a deposit of less than 20 percent, according to a consultation paper released today. More>>

ALSO:

Sparks Fly: Gordon Campbell On China Steel Dumping Allegations

No doubt, officials on the China desk at MFAT have prided themselves on fashioning a niche position for New Zealand right in between the US and China – and leveraging off both of them! Well, as the Aussies would say, of MFAT: tell ‘em they’re dreaming. More>>

ALSO:

Loan Sharks: Finance Companies Found Guilty Of Breaching Fair Trading Act

Finance companies Budget Loans and Evolution Finance, run by former 1980s corporate high-flyer Allan Hawkins, have been found guilty of 106 charges of breaching the Fair Trading Act for misleading 21 borrowers while enforcing loan contracts. More>>

ALSO:

Post Panama Papers: Govt To Adopt Shewan's Foreign Trust Recommendations

The government will adopt all of the recommendations from former PwC chairman John Shewan to increase disclosure and introduce a register for foreign trusts with new legislation to be introduced next month. More>>

ALSO:

The Price Of Cheese: Cheddar At Eight-Year Low

Food prices decreased 0.5 percent in the year to June 2016, influenced by lower grocery food prices (down 2.3 percent), Statistics New Zealand said today. Compared with June 2015, cheese prices were down 9.5 percent, fresh milk was down 3.9 percent, and yoghurt was down 9.2 percent. More>>

ALSO:

Financial Advisers: New 'Customer-First' Obligations

Goldsmith plans to do away with the current adviser designations which he says have been "unsatisfactory" in that some advisers are obliged to disclose potential conflicts of interest and act in their customers' best interests, but others are not. More>>

ALSO:

Get More From Scoop

 
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news