Parliament

Gordon Campbell | Parliament TV | Parliament Today | Video | Questions Of the Day | Search

 

Big opportunities in China - Goff


Hon Phil Goff
Minister of Foreign Affairs and Trade
Media Statement
27 August 2000

Big opportunities in China - Goff


China presents huge economic opportunities for New Zealand says Foreign Minister Phil Goff, who spent last week there on an official visit.

"China's economy has averaged growth of over 7% per annum for twenty years. In the next half century it could become the largest economy in the world. If we manage the relationship properly China's prosperity will contribute to our own prosperity.

"New Zealand's exports to China grew 17% last year, with big growth in tourism (which increased dramatically by 65% for the year to May 2000) and education services.

"The biggest immediate opportunity now is in education. New Zealand provided a full-fee education service to only 400 Chinese students two years ago. In the twelve months to July 2000 we have received well over 6,000 student visa applications. Around 75% of these are likely to be approved.

"Each of those students brings in $10,000 in foreign exchange. We could be looking at $45 million in earnings from China alone.

"In Hangzhou on Wednesday, I opened an education promotion seminar which received extensive television coverage throughout Zhejiang.

"My message was that New Zealand offered a full range of quality education opportunities, with living and tuition costs comparing very favourably with other English speaking countries.

"The education industry has great strategic value to New Zealand. Think how much easier it is dealing with business people or government officials who have been educated in New Zealand, and think how much more rapport there is instantly with someone who has a daughter or son studying in New Zealand.

"Many students, having qualified and gained work experience in New Zealand will apply to settle here. They will already have a good knowledge of New Zealand, will settle in and find employment readily and make a huge contribution to the growth and prosperity of our country. They will have language skills and links to their country of origin that will promote trading opportunities.

"With government working in partnership with educational institutions, New Zealand has the potential quite quickly to expand the wider international education industry, which currently earns around $415 million annually in foreign exchange earnings, into a billion dollar industry," Mr Goff concluded.

ENDS

© Scoop Media

 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

Decision Day: Peters Chooses Labour

Winston Peters says he will form a Government in coalition with Labour and the Greens giving confidence and supply.

Peters said he had been offered the position of Deputy Prime Minister and a number of other ministerial posts would go to his colleagues

He said economic and monetary policy changes were needed to face a coming economic downturn.>>>More

Reaction

Labour on its agreement |Peters: Post-Election Announcement Speech | Greenpeace “cautiously hopeful” about new Government | ACT - Madman on the loose | E tū ecstatic | Chamber welcomes the outcome

 

Climate: Increasing Greenhouse Emissions Hit NZ

New Zealand is seeing impacts of excess greenhouse gas emissions in our climate and oceans, according to the latest national report from the Ministry for the Environment and Stats NZ about the state of the atmosphere and climate…More>>

ALSO:


Wellington.Scoop: Arrests At Blockade Of "Weapons Expo"

“We encourage people in Wellington to get down to the Westpac Stadium now for a day of awesome peace action. There will be plenty of food, music and activities to keep us sustained through the day.” More>>

ALSO:

Rorschach Restructuring: PSA Taking Inland Revenue To Court Over Psychometrics

The Public Service Association will be seeing Inland Revenue in Employment Court over its intention to psychometrically test employees reapplying for their roles at the department as part of its controversial Business Transformation restructuring plan. More>>

ALSO:

Nuclear Disarmament: Nobel Peace Prize 2017 Awarded To ICAN

Congratulations from iCAN Aotearoa New Zealand to international iCAN, the other iCAN national campaigns and partner organisations, and the countless organisations and individuals who have worked so hard for a nuclear weapons-free world since 1945. More>>

ALSO:

Expenses: Waikato DHB CEO Resigns

An independent inquiry has identified that Dr Murray had spent more than the agreed $25K allocated for relocation costs, and other unauthorized expenses involving potential financial breaches of the chief executive’s obligations. More>>

ALSO:

Wellington.Scoop: Sad About The Trolley Buses?

The Regional Council’s MetLink is today spending money to tell us that it really loves Wellington’s trolley buses, even though they’re all being taken off our roads by the end of this month. More>>

ALSO:

Post-Election: Preliminary Coalition Talks Begin

New Zealand First will hold post-election preliminary discussions in Wellington with the National Party tomorrow morning and the Labour Party tomorrow afternoon. More>>

 
 
 
 
 

LATEST HEADLINES

  • PARLIAMENT
  • POLITICS
  • REGIONAL
 
 

Featured InfoPages

Opening the Election