Parliament

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

 

Huge potential in China

China has huge potential as a trading partner for New Zealand, Trade Negotiations Minister Jim Sutton said today.

Mr Sutton urged businesses to follow up on opportunities provided by Prime Minister Helen Clark's successful visit to China.

"The Prime Minister's visit confirms the excellent relations between New Zealand and China. Both Chinese president Jiang Zemin and premier Zhu Rongji were swift to point out the long-standing links between our two countries and spoke of the warm feelings Chinese people had towards New Zealand."

Mr Sutton said he hoped to lead a trade mission to western China after the APEC trade ministers' meeting in Shanghai in June.

"China is soon to join the World Trade Organisation. This will mean tariff reductions and other advantages which will give an immediate boost to many New Zealand industries.

"Make no mistake, trade liberalisation boosts incomes and creates jobs for New Zealanders. Our future prosperity is very much dependent on our success in growing our trade with North Asian economies.

"While there are many opportunities in China's services and technology sectors, our old stand-by agriculture is an important area for export development as well."

Mr Sutton said a Memorandum of Understanding (MOU) on agriculture, signed between the New Zealand Ministry of Agriculture and Forestry and the Chinese Ministry of Agriculture last month, would lead to greater co-operation and opportunity between the two countries.

The signing of the MOU established a Joint Agriculture Commission (JAC) to facilitate closer co-operation and improved dialogue between the two countries through a range of initiatives and activities in the field of agriculture. It would provide a platform for businesses in both countries to develop new business opportunities in higher-value markets.

Mr Sutton said New Zealand's market access interests in China's agricultural sector were expanding, with China representing a huge opportunity for New Zealand businesses due to its overwhelming size and relative proximity to us.

Between 1990 and 2000, the value of New Zealand's exports to China increased by over 360 percent, from $156 million to $724 million. China was New Zealand's sixth largest export market for the year ended June 2000.

Parallel arrangements with agencies responsible for biosecurity, food assurance, sanitary and phytosanitary matters and forestry issues, are currently also being negotiated by both countries.

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