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

 


Meeting Premier further strengthens NZ-China links

Rt Hon John Key

Prime Minister

19 March 2014 Media Statement
Meeting Premier further strengthens NZ-China links

Prime Minister John Key says agreements entered into with China at his meeting with Premier Li Keqiang highlight the continuing strength of the relationship between our two countries.

Mr Key and Premier Li Keqiang met at the Great Hall of the People. Mr Key’s visit to China marks the third time the countries’ top leaders have met in less than 12 months.

The meeting emphasised the value both countries place on the political, trade and economic relationship which, has continued to grow rapidly.

New Zealand and China are well on track to achieve a shared goal, agreed by the Prime Minister and Premier Wen Jiabao in 2010, to double two-way trade to NZ$20 billion by 2015. Two-way trade is currently worth over $18 billion.

“My meeting highlighted the mutually beneficial nature of the bilateral trade, with China becoming our number one goods export market, and remaining the number one source of imports for New Zealand,” says Mr Key.

The Prime Minister said that he was pleased to see the particularly strong growth in dairy exports to China, which reached nearly NZ$5 billion in 2013, an increase of 75 percent.

“My meeting provided the opportunity to brief Premier Li on the outcomes of the Whey Protein Concentrate Contamination Incident Government Inquiries, emphasising that they underline that New Zealand is a producer of high quality food, with world class regulatory systems,” says Mr Key.

The Prime Minister and Premier Li discussed New Zealand and China’s shared interest in strengthening financial sector cooperation, as well as cooperation in the areas of agriculture and food safety.

Six new initiatives have been agreed at the meeting, including:

• The launch of direct trading of the New Zealand dollar against the Chinese Renminbi.

• Agreement to renegotiate the 1986 Double Tax Agreement.

• Implementation of an electronic equipment Mutual Recognition Agreement that will enable New Zealand to become the first country in the world to test, inspect and certify electrical products outside of China.

• Enhanced agricultural cooperation in dairy herd improvement, agricultural management, veterinary training scholarships and professional development exchanges.

• Improved food safety cooperation including the launch of a scholarship programme in food safety and risk management.

“The financial sector offers great potential for further cooperation between New Zealand and China. Today’s announcements will make doing business with China easier by reducing compliance costs and contribute to the wider expansion of the economic and financial cooperation between the two countries,” says Mr Key.

During the meeting Prime Minister John Key also acknowledged the trauma Chinese families are enduring while they await news of their loved ones who were aboard missing Malaysia Airlines flight MH370.

© Scoop Media

 
 
 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

 

Departure Speech: Governor-General’s State Farewell Luncheon

"...Unfortunately I was unable to get to the Antarctic, the Chatham Islands and the Kermadecs. A dicky heart thwarted our travel to the Antarctic; and even though I volunteered to parachute into the Kermadecs to join the Young Blake expedition, time, commitments and officials frustrated my plans to visit the Kermadecs and Chathams." More>>

ALSO:

New Research: Most Homeless People Working Or Studying

“The cost of housing has been rising without corresponding increases in income, whilst the number of state houses per capita has been in decline. Many low-income people are missing out on housing, whether we recognise them as ‘homeless’ or not. More>>

ALSO:

Post-Traynor: New Offender Info Sharing Plan

“This Bill delivers on that step-change by moving away from name-based records held by individual agencies to a shared, anchor identity based on unalterable information, such as fingerprints and facial recognition. It also gives agencies access to the drivers’ licence photo database and birth, death and marriages information." More>>

  • NZ Law Foundation - New $2M fund for research on information challenges
  • Littoral: New Ship To Deliver Enhanced Naval Capability

    Defence Minister Gerry Brownlee says the Government has approved a Ministry of Defence and New Zealand Defence Force recommendation to request tenders for a new naval ship to support littoral operations. More>>

    July:

    After King's Labour Snub: Māori Party And Kiingitanga To Work Together

    Māori Party Co-leaders Te Ururoa Flavell and Marama Fox met with Kiingitanga representatives in Wellington yesterday to discuss working together on key issues for the betterment of Māori. More>>

    ALSO:

    Waitangi Claim On Rehabilitation: The 'Justus' System For Māori Not Good Enough

    Closing statements at the Waitangi Tribunal case against Corrections called for immediate steps and a comprehensive review to address the high rate of Māori reoffending. More>>

    ALSO:

    Advice: PM Sets Rules For Ministers' Treatment Of Public Servants

    Prime Minister John Key has laid down the law about the way ministers and public servants should interact, saying ministers may not always like the advice they receive, but they must listen to it carefully, respectfully and professionally. More>>

    Gordon Campbell: On The Funding Changes In Special Needs Education, And Uber

    The plan to strip out the educational support for older “special needs” children in order to meet the existing shortfall in funding for special needs in early childhood education is so miserly and relentlessly stupid as to defy belief… More>>

    SPECIAL EDUCATION (& More):

    Online Learning Plans:

    Get More From Scoop

     

    LATEST HEADLINES

     
     
     
     
     
     
     
     
     
    Parliament
    Search Scoop  
     
     
    Powered by Vodafone
    NZ independent news