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

 


Minister to attend G20 Trade Ministers’ Meeting

Minister to attend G20 Trade Ministers’ Meeting


Trade Minister Tim Groser will attend the G20 Trade Ministers’ Meeting in Sydney this weekend, and also participate in the preceding Business-20 (B20) summit, which will bring together a number of international business leaders.

“While not a core member of the G20, New Zealand is supportive of the G20’s aims - in particular its aspirations to lift global economic growth,” Mr Groser says.

“G20 countries represent almost 85 percent of global GDP, 75 percent of international trade, and two-thirds of the world’s population. Given the importance of trade for a small and distant economy such as New Zealand, any actions that will support stronger and more sustainable global growth are clearly in our interests.”

Discussions at the G20 Trade Ministers’ Meeting will focus on trade actions that member countries’ will take as part of their Comprehensive Growth Strategies. These strategies comprise a mix of domestic policy actions aimed at raising the level of G20 output by at least two percent above the currently projected level in the next five years.

Ministers will also discuss how to forge a stronger global trading system.

In the margins of these meetings, Mr Groser will meet with a number of his G20 counterparts and some business representatives to discuss trade and investment opportunities in New Zealand as well as progress on our FTA agenda.

Background

The G20 comprises 20 of the world’s major economies, including the European Union, and is the premier forum for its members’ international economic cooperation and decision making. As Chair of the G20 for 2014, Australia has invited New Zealand to participate in all G20-related activities as a guest of its Presidency.

Australia’s G20 year will culminate in a Leader’s Summit on 15-16 November in Brisbane.

The B20 is a forum through which the private sector produces policy recommendations for the annual meeting of the G20 leaders.

ends

© Scoop Media

 
 
 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

 

Parliament Today:

Werewolf: The Defence Pretence

Last year, the world began spending more money on weapons again, for the first time since 2011... New Zealand belongs to a region – Asia and Oceania – where military spending rose sharply in 2015, by 5.4 per cent. More>>

ALSO:

Gordon Campbell: On Not Crying Foul, Argentina

So a couple of guys found to be criminally liable of environmental pollution in Argentina lodge an application with the Overseas Investment Office… in order to buy some prime New Zealand rural land. Seems that their factory back home had carelessly and/or intentionally discharged toxic waste into the Lujan river. Bummer... More>>

ALSO:

Urban & Rural: $303m To Merge And Modernise New Zealand’s Fire Services

Internal Affairs Minister Peter Dunne today announced funding of $303 million over five years to combine urban and rural fire services into one organisation from mid-2017. More>>

ALSO:

High Trust Regime: What Did The PM Tell His Lawyer About Foreign Trusts?

The Government stopped the IRD from reviewing New Zealand foreign trusts shortly after the Prime Minister’s lawyer wrote to the Revenue Minister claiming John Key had promised him the regime would not be changed. More>>

ALSO:

Road Crime: Wicked Campers Vans Classified As Objectionable

The definition of publication includes any "thing that has printed or impressed upon it, or otherwise shown upon it, 1 or more (or a combination of 1 or more) images, representations, signs, statements, or words", The Classification Office has previously classified such 'things' as billboards, t-shirts, and even a drink can. This is the first time the Classification Office has classified a vehicle. More>>

ALSO:

'When New' Repairs: Landmark EQC Settlement

The Earthquake Commission has cut a deal with 98 Canterbury homeowners that affirms the government entity's responsibility to repair earthquake-damaged property to a 'when new' state, as well as covering repairs for undamaged parts of a property and clarifying its position on cash settlement calculations. More>>

ALSO:

Gordon Campbell: On Kiwirail’s Latest Stint In The Dogbox

The denigration of Kiwirail continues. The latest review (based on a 2014 assessment) of the options facing the company have enabled Kiwirail to be hung out to dry once again as a liability and burden on the taxpayer. More>>

ALSO:

Royal Society Report: Good Opportunities To Act Now On Climate Change

There are many actions New Zealand can and should take now to reduce the threat of climate change and transition to a low-carbon economy, a report released today by the Royal Society of New Zealand finds... More>>

ALSO:

Get More From Scoop

 

LATEST HEADLINES

 
 
 
 
 
 
 
 
 
Parliament
Search Scoop  
 
 
Powered by Vodafone
NZ independent news