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

International Rankings: Student Results 'Show More Resourcing Needed'

NZEI: "For the second time in a week, international assessments show we have a problem... We need to put more resources into schools in high poverty communities to ensure all kids get the support they need."

New Zealand had only held relatively steady in international rankings in some areas because the average achievement for several other OECD countries had lowered the OECD average -- not because our student achievement has improved. More>>

 

Salvation Army Report: Beyond The Prison Gate Report

A new Salvation Army report says changes must be made to how prisoners re-enter society for New Zealanders to feel safe and secure in their homes and communities. More>>

ALSO:

Surprise Exit: Gordon Campbell On The Key Resignation

The resignation of John Key is one thing. The way that Key and his deputy Bill English have screwed the scrum on the leadership succession vote (due on December 12) is something else again. It remains to be seen whether the party caucus – ie, the ambitious likes of Steven Joyce, Judith Collins, Paula Bennett, and Amy Adams – will simply roll over... More>>

ALSO:

Q+A: Labour's Michael Wood Wins Mt Roskill

Labour’s Michael Wood, who last night won a 6,000 vote majority in the Mt Roskill by-election, says the reason for the win was simple, clear messaging... More>>

ALSO:

Gordon Campbell: On Anne Tolley’s Callous Folly

Last week’s conflict between Social Development Minister Anne Tolley and District Court judge Carolyn Henwood illustrated quite a few of the flaws in the system. More>>

ALSO:

Members’ Bills: Greens' Domestic Violence And Loans Bills Pulled From Ballot

Jan Logie’s Domestic Violence-Victims' Protection Bill introduces workplace protections for victims of domestic violence, including allowing victims to request paid domestic violence leave for up to 10 days... Gareth Hughes’ Bill allows Kiwis with student loans to defer their student loan repayments into a first home savings scheme. More>>

ALSO:

IPCA: Police Did Not 'Deliberately' Use Pepper Spray On 10-Year-Old

"When spraying the man, the officer did not properly consider the necessity of using pepper spray in a confined space, the likelihood that it would affect the other innocent passengers or the fact that he was using a more powerful spray." More>>

ALSO:

Get More From Scoop

 

LATEST HEADLINES

 
 
 
 
 
 
 
 
Parliament
Search Scoop  
 
 
Powered by Vodafone
NZ independent news