Parliament

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

Gordon Campbell: On The Ch-Ch-Changes At IRD

job cuts aren’t happening at the IRD, exactly. Instead, there’s apparently a ‘transformation’ in store, and jobs won’t be axed ; no, they will be ‘transformed’ before our eyes into… non-jobs, if you happen to be among the unlucky legion of 1,900 who are being lined up for transformation, which seems to work rather like a secular version of the Rapture.

Except that at IRD, not even your shoes will be left behind. More>>

 

Christchurch Mental Health: Hospital Too 'Awful' For Reviewers To Visit

Jonathan Coleman has to stop the stalling over a new building for mental health services in Christchurch to replace the quake damaged Princess Margaret Hospital, says Labour’s Health spokesperson David Clark... More>>

ALSO:

Greens Call For Govt Action: Children Sick Because Of NZ Housing

The Royal Australasian College of Physicians president-elect said today that children with preventable respiratory illnesses are being re-admitted to hospital because they're being sent back to cold, damp homes. More>>

ALSO:

Less Tax Cut, More Spending: Labour Launches Fiscal Plan

“Labour will invest $8 billion more in health, $4 billion more in education and $5 billion more for Kiwi families through Working for Families, Best Start and the Winter Energy Payment than the Budget 2017 projections for the forecast period.” More>>

ALSO:

Gordon Campbell: On The Greens’ Room For Political Pragmatism

The Greens here are currently being criticized by the commentariat for not making the same kind of pragmatic choices that sunk the Democrats in Australia. More>>

Gordon Campbell: On Being Humane About Welfare, Child Support, And Tax

It made for an unusual Venn diagram, but Greens co-leader Metiria Turei and Finance Minister Steven Joyce were briefly sharing some common elements this week in the set that says – hey, don’t use the powers of the state in ways guaranteed to make the system you’re trying to defend worse, not better. More>>

ALSO:

 
 
 
 
 

LATEST HEADLINES

  • PARLIAMENT
  • POLITICS
  • REGIONAL
 
 

Featured InfoPages

Opening the Election