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Representatives Meet With Chinese Officials

Media Release
3 October 2003

Fonterra Representatives Meet With Chinese Officials

A high-level Fonterra delegation led by Special Trade Counsellor Mike Moore met with senior Chinese officials and business leaders this week as part of a Pacific Rim Forum Roundtable of business, government and academic leaders.

The delegation included Mr Moore, and Fonterra representatives.

Mr Moore says that within ten years China will be the world's largest importer of food.

"It is appropriate that Fonterra, New Zealand's biggest company, representing 20% of New Zealand's export receipts, builds up a consistent relationship with China," he says.

China is Fonterra's fourth largest market, importing NZ$325 million of product, mainly milk powder, in the 2002/03 year.

Mr Moore spoke at the Forum, and received an honorary Doctorate in Economics from the People's University of Beijing. Mr Moore has also accepted an offer from the Mayor of Shanghai to be an advisor to the City Government on World Trade Organisation (WTO) matters.

-Ends


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