Parliament

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

 

NZ-Hong Kong trade agreement strengthens bond

Hon Tim Groser
Minister of Trade

13 November 2009
Media Statement


NZ-Hong Kong trade agreement strengthens bond

Trade Minister Tim Groser hailed today’s announcement of the conclusion of the New Zealand - Hong Kong Closer Economic Partnership Agreement (CEP) as a significant further step towards regional economic integration.

The announcement was made by Prime Minister John Key and his Hong Kong counterpart Chief Executive Donald Tsang at the APEC Leaders meeting in Singapore.

“Hong Kong is an extremely sophisticated market and its proximity and special relationship with Mainland China makes it a very important strategic partner for us in the region,” said Mr Groser.

Hong Kong is New Zealand’s 9th largest export market and 8th largest source of Foreign Direct Investment. New Zealand’s trade with Hong Kong has steadily increased over the past decade and is currently worth $823 million.

“The conclusion of this CEP will raise the profile of New Zealand businesses in this market and will provide a springboard for diversifying our goods and services exports to Hong Kong and developing deeper investment links.

“Our agreement further enhances New Zealand’s economic integration with the region through our existing high quality free trade agreements with Thailand, Singapore, China, ASEAN and most recently with Malaysia.

“In addition to facilitating further trade between the two economies, the agreement will stimulate the development of a closer bilateral relationship,” said Mr Groser.

Officials must now complete legal verification of the agreement before details are able to be made public and put before Ministers for signature. It is likely that the agreement will be signed in the first half of 2010.

ENDS

© Scoop Media

 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

Covid-19:Probable Case In A Returnee

The Ministry of Health is investigating a positive test result in a person who recently travelled from overseas and completed their stay in managed isolation in a facility in Auckland...

After meeting the final health assessment for release, she left managed isolation on 13 January and travelled home to the Northland region. She lives with one other person who has not been symptomatic, who has been tested and is also isolating while awaiting results...More>>

 

Oranga Tamariki: Chief Executive Grainne Moss Steps Down

Controversial Oranga Tamariki chief executive Grainne Moss has decided to step down. More>>

ALSO:

USA: Prime Minister Congratulates President Joe Biden On His Inauguration

Prime Minister Jacinda Ardern has congratulated President Joe Biden on his inauguration as the 46th President of the United States of America. “I look forward to building a close relationship with President Biden and working with him on issues that matter ... More>>

ALSO:

New Zealand Government: Cook Islanders To Resume Travel To New Zealand

The Prime Minister of New Zealand Jacinda Ardern and the Prime Minister of the Cook Islands Mark Brown have announced passengers from the Cook Islands can resume quarantine-free travel into New Zealand from 21 January, enabling access to essential services such ... More>>

ALSO:

A New Year: No politicians at Rātana in 2021

Annual celebrations at Rātana pā will be different this year, amid a decision to hold an internal hui for church adherents only… More>>

ALSO:

Government: New Public Housing Plan Announced

RT HON JACINDA ARDERN HON DR MEGAN WOODS The Government has released its Public Housing Plan 2021-2024 which outlines the intention of where 8,000 additional public and transitional housing places announced in Budget 2020, will go. “The Government ... More>>

Government: Pre-Departure Testing Extended To All Passengers To New Zealand

To further protect New Zealand from COVID-19, the Government is extending pre-departure testing to all passengers to New Zealand except from Australia, Antarctica and most Pacific Islands, COVID-19 Response Minister Chris Hipkins said today. More>>

ALSO:

Covid: Border Exception for 1000 International Students

The Government has approved an exception class for 1000 international tertiary students, degree level and above, who began their study in New Zealand but were caught offshore when border restrictions began....More>>

ALSO:

 
 
 
 
 
 

LATEST HEADLINES

  • PARLIAMENT
  • POLITICS
  • REGIONAL
 
 

InfoPages News Channels