Parliament

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

 

NZ to Co-chair APEC Finance Ministers at Brunei

5 September 2000 Media Advisory

NZ to Co-chair APEC Finance Ministers at Brunei

Finance Minister Michael Cullen and Brunei Minister of Industry and Primary Resources, Pehin Abdul Rahman Taib, will co-chair the 7th APEC Finance Ministers meeting in Bandar Seri Begawan, Brunei on September 9 and 10.

Dr Cullen said today he was looking forward to the challenge.

"We have a busy programme.

"APEC responded to the Asian crisis by intensifying work to strengthen the international financial architecture.

"Standards, codes and guidelines are being developed in a variety of areas including; banking supervision, securities and insurance regulation, the dissemination of economic data and the transparency of monetary, financial and fiscal policies.

"The Voluntary Action Plan for Freer and More Stable Capital Flows is New Zealand's major policy initiative for APEC. This recognises the emergence of global capital markets, and the importance of maintaining cross-border capital mobility while putting in structures for effective risk management.

"Another item on the agenda is the need to develop mechanisms to fight financial crime, including money laundering and international tax evasion," Dr Cullen said.

"In addition to the formal proceedings, I have bi-laterals arranged with: the Finance Minister for China, HE Xiang Huai-cheng; Canadian Finance Minister Paul Martin; the US Secretary of the Treasury, Lawrence Summers, and the Australian Federal Treasurer, Peter Costello.

"I will also have the opportunity when in Singapore en route to Brunei to meet Singapore's Finance Minister Richard Hu and the leader of the Singapore delegation to APEC, Second Finance Minister Lim Hng Kiang.

"These are all important players in the world economy so it will be useful to get their perspective on world economic trends," Dr Cullen said.

ENDS


© Scoop Media

 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

Gordon Campbell: On The Tax Working Group’s Road Map

Trying to analyse the interim report on the Tax Working Group (TWG) is like trying to review an entire All Blacks game, but at the half- time mark.

With so much still to be finalised, Sir Michael Cullen and his colleagues are going to need all the All Blacks’ fabled finishing skills to get a coherent, fiscally neutral package together by the February 2019 deadline. More>>

 

Meth Testing Report: Housing NZ "To Right Wrong"

Phil Twyford “Housing NZ acknowledges that around 800 tenants suffered by either losing their tenancies, losing their possessions, being suspended from the public housing waiting list, negative effects on their credit ratings or, in the worst cases, being made homeless.” More>>

ALSO:

No Reshuffle: Meka Whaitiri Removed As A Minister

Meka Whaitiri will be removed as a Minister with immediate effect... The decision was made after receiving a report into an incident that occurred on 27 August in Gisborne, involving Meka Whaitiri and one of her staff. More>>

ALSO:

Pay Equity Bill: Making History For Women’s Pay

The Equal Pay Amendment Bill, introduced to the House today, will make it easier for workers to make a pay equity claim , using a more simple and accessible process within New Zealand’s existing bargaining framework. More>>

ALSO:

Suffrage 125: NZ A Trailblazer For Women

“We acknowledge the work of Kate Sheppard, Meri Te Tai Mangakāhia, and all of the suffragists who tirelessly campaigned for the vote… Today we also need to ask each other: how we can continue to make our country a fairer and better place to continue the legacy of the suffragists.” More>>

ALSO:

Asylum: Refugee Quota Increasing To 1500

“The quota increase will take place from July 2020. In the meantime, we will work to increase the number and spread of refugee resettlement and support services. We need to make sure we’re prepared for this change in policy.” More>>

ALSO:

 
 
 
 
 

LATEST HEADLINES

  • PARLIAMENT
  • POLITICS
  • REGIONAL
 
 

InfoPages News Channels