Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 

Outgoing RBNZ Governor Bollard confirmed to lead APEC

Outgoing RBNZ Governor Bollard confirmed to lead APEC Secretariat

Sept. 7 (BusinessDesk) - Reserve Bank Governor Alan Bollard, who delivers his final monetary policy statement next week, has been confirmed as the next leader of the Asia Pacific Economic Cooperation's Secretariat.

Bollard was introduced to APEC ministers on Thursday and will kick off his three-year term from the start of next year, the regional body said in a statement. As head of the Secretariat, Bollard will coordinate the technical and advisory body that supports sustainable economic growth in the region.

"Dr Bollard's astute management of financial and economic policy and experience running policymaking institutions, even during volatile times, adds value to APEC's shared commitment to sustainable growth and development," said Russian Deputy Foreign Affairs Minister Igor Morgulov, who is chairing the APEC 2012 Senior Officials. "His leadership will help guide APEC's work to advance its agenda to boost trade and recovery."

APEC was set up in 1989 as a means to facilitate free and open trade across the region, and last year leaders threw their weight behind the controversial Trans-Pacific Partnership, a deal which aims to align regulatory settings in a region-wide block to reduce the barriers and costs of trade.

Bollard said he will work closely with China, the Philippines and Indonesia over the next three years, which will be hosting the annual meetings during his tenure.

Leaders of the 21 APEC member nations have converged on Vladivostok, Russia for this year's meeting. New Zealand Prime Minister John Key is expected to criticise agriculture subsidies in the US, Japan and Europe when he opens the summit as the first political leader to speak.

(BusinessDesk)

© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 



The Download Weekly: Vodafone FibreX back in court

Vodafone and the Commerce Commission head back to court over FibreX in a week the TCF issues broadband marketing codes that should avoid similar problems in the future... More>>


NIWA: Tonga Eruption Discoveries Defy Expectations
New findings from the record-breaking Tongan volcanic eruption are “surprising and unexpected”, say scientists from New Zealand’s National Institute for Water and Atmospheric Research (NIWA)... More>>


Commerce Commission: Appeals Record $2.25m Fine In Vodafone FibreX Case

The Commerce Commission has filed an appeal in the High Court against a record $2.25 million fine imposed on Vodafone NZ Limited (Vodafone) for its offending under the Fair Trading Act during its FibreX advertising campaign. While the sentence imposed in the Auckland District Court on April 14 was the largest-ever fine under the Fair Trading Act, the Commission will argue that it is manifestly inadequate... More>>

Stats: Quiet Start For Retail In 2022
The volume of retail sales was relatively unchanged in the March 2022 quarter, following a strong increase in the December 2021 quarter, Stats NZ said today... More>>



Finder: RBNZ Survey: 64% Of Experts Say Rising Inflation Will Push More Kiwis Into Debt

Soaring inflation and cost of living pressures will see many households pushed to the financial limit, according to experts... More>>



Barfoot & Thompson: Rents Up By Around 3% In Most Areas

The average weekly rent paid for homes in most areas of Auckland has risen by around 3 percent year-on-year. The figures for end March from more than 16,000 properties... More>>