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

 


Trade target with China surpassed early

Rt Hon John Key
Prime Minister

June 27, 2014

Trade target with China surpassed early

Prime Minister John Key has welcomed today’s release of statistics that show two-way trade with China has exceeded $20 billion on an annual basis for the first time.

“In 2010, two-way trade was worth $10 billion; and our exports to China were $4 billion. At that time, the then-Chinese Premier Wen Jiabao and I agreed on the ambitious target of doubling two-way trade to $20 billion by 2015,” says Mr Key.

Statistics out today show that New Zealand is now exporting more than $11 billion worth of products to China, and two-way trade has already surpassed the goal of $20 billion.

Mr Key says; “The growth is showing no signs of slowing and that is why in my visit to Beijing in March, President Xi Jinping and I set an ambitious new goal for trade. We are now aiming to reach two-way trade of $30 billion by 2020.”

New Zealand’s economic relationship with China has deepened markedly in recent years.

“We have seen rapidly escalating demand from China as people have become wealthier, and naturally turn to higher quality products. As a high quality food producer, New Zealand is well placed to help meet that demand.

“This Government is committed to ensuring we have the right resources in place to support this growth and recognise the ever-increasing importance of the China market.

“That is why we have recently increased our personnel working on the China relationship, both in China and back in New Zealand.

“The New Zealand government and Kiwi exporters are committed to continuing to improve our relationship with China, because it creates jobs and increases incomes.

“Reaching the $20 billion target ahead of schedule shows that our investment in this market is paying dividends.”

ENDS

© Scoop Media

 
 
 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

TV3 Video: Key 'Genuinely Couldn't Recall' Texts
Reaction: Greens | More

Gordon Campbell: On Government Arrogance

Right now, National is ramming anti-terrorism measures through Parliament. This legislation will grant the SIS the power to carry out 48 hour bouts of surveillance on anyone without a warrant, and will bestow on government the power to unilaterally revoke anyone’s passports and thus deny them the freedom to travel.

Ludicrously, the public has been given exactly one day to make submissions on these major infringements of their civil liberties. Despite Finlayson’s misleading signals on RNZ that these are only stopgaps until next year’s full review of our security laws, the measures in question will not, in fact, expire until 2018.

Why the insane rush? Good question. More>>

 
 

Parliament Today:

Glenn Inquiry: Report Offers Solutions To Family Violence

The People’s Blueprint unveiled today by Sir Owen Glenn’s independent inquiry into child abuse and domestic violence outlines a new, more cohesive and effective system for reducing New Zealand’s alarmingly high family violence rates. More>>

ALSO:

Environment Commissioner: Changing Climate And Rising Seas - Understanding The Science

A rising sea will be with us for a long time to come – one way or another we will have to adapt. But how high and how fast the water rises will be influenced by the speed at which the world – including New Zealand – reduces greenhouse gas emissions over the coming decades. More>>

ALSO:

Key Texts With Whale Oil Released: PM Can’t Be Trusted Over Dirty Politics Defence - Greens

John Key’s answers to questions about dirty politics can’t be trusted, after he was forced to admit that he had misled journalists and Parliament about contact with attack blogger Cameron Slater, said the Green Party today.. More>>

ALSO:

Temporary Release Crackdown Continues: Corrections Review Of Phillip Smith Case

“The review by Corrections’ Chief Custodial Officer reveals that the plan for Smith’s series of temporary releases was overly ambitious and misinformed. He’s a highly manipulative and deceptive person who although technically eligible, should not have been considered for temporary release." More>>

ALSO:

White Ribbon Day: Govt Resumes Sexual Violence Trial Proceedings Work

Justice Minister Amy Adams has asked the Law Commission to resume work on proposals for better supporting victims of sexual violence through the criminal process. The Law Commission will revisit its previous work on alternative pre-trial and trial processes to identify options for improving complainants’ experience in court. More>>

ALSO:

Get More From Scoop

 

LATEST HEADLINES

 
 
 
 
 
 
 
 
Parliament
Search Scoop  
 
 
Powered by Vodafone
NZ independent news