Tag: Asian Affairs

India & NZ serious about expanding investment

Press Release – India New Zealand Business Council “India & NZ are serious about expanding investment opportunities, says John Key at INZBC Summit 2016.“India & NZ are serious about expanding investment opportunities”, says John Key at INZBC Summit 2016. Putting the FTA back in focus, the Prime Minister said that, “India is potentially a huge market and India New Zealand Business Council playing a very critical role from our point of view in terms of linking New Zealand, pretty small country at the bottom of the world with second most populous country in the world.” The Prime Minister revealed that he will be going to India in October this year, to push for FTA negotiations which we have been working on. “If we look at the numbers, we are currently doing 2.2 billion worth of two-way trade with India, it shows the potential of doing trade with India further if we get the agreement right. Although, Free trade agreement by itself doesn’t guarantee that we would get more business straightaway, but it does let us trade in each other’s market”. Key also noted that organisations like India New Zealand Business Council are important to make the pathways easier between the govt. of both the countries. “New Zealand can work on advancing the corporation with India to make sure those small farms can grow and become more productive. India’s long-term...

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Speech: Connecting with Asia

Press Release – New Zealand Treasury Speech delivered in Auckland by the Secretary to the Treasury, Gabriel Makhlouf, 9 March 2016.Connecting with Asia: How do we Deepen our Integration into the Region? Published 9 Mar 2016 Speech delivered in Auckland by the Secretary to the Treasury, Gabriel Makhlouf, 9 March 2016. — Good afternoon. It’s a pleasure to be here. The global economy is changing rapidly, and the Asia-Pacific region lies at the heart of that change. The countries that participate in the APEC forum, which includes most of Asia and the Pacific Rim, contain 2.8 billion people, account for nearly 60% of world output and 50% of world trade[1]. If we include India, we are talking about a region that contains just over half of the world’s population. And the majority of countries in the region have GDP per capita that is lower than New Zealand’s, suggesting significant potential for further growth. We in New Zealand have strong connections on both sides of the Asia-Pacific region, which puts us closer to the driving force of global economic activity than ever before. I want to come back to the importance of the Eastern Pacific at a later date. Today, I want to speak about Asia. You may be wondering why the Treasury has a particular interest in Asia. We know that several decades of rapid economic growth in Asia...

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Signing of TPP may bring good news for FTA with India

Press Release – INZBC Speaking at a recent finance sector focus event of the India New Zealand Business Council [INZBC], Hon. Tim Groser expressed hope that the signing of TPP, will have positive impact on the trade negotiations with India, and it may also fasten the … Signing of TPP may bring good news for FTA with India. Speaking at a recent finance sector focus event of the India New Zealand Business Council [INZBC], Hon. Tim Groser expressed hope that the signing of TPP, will have positive impact on the trade negotiations with India, and it may also fasten the process. “The New Zealand Government is committed to a good quality FTA with India, but having said that, the FTA is also not a block to do bi-lateral trade with India even today.’’ Mr. Groser also said that, It’s time that smart Indian companies do businesses with smart kiwi companies”. He emphasised the need to look beyond dairy and horticulture and look at the niche technologies that New Zealand has to offer. As part of it’s Business Beyond Barrier series, INZBC hosted a finance sector focus talk, along with Westpac. The Minister who had just returned from TPP conclusion rendered a thought provoking speech in terms of Macro perspective and narrowed it down to NZ and India bilateral trade relationship. Mr.Sood presentation was precise and well received especially the...

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Garam Masala: October 2015

Column – Kanwaljit Singh Bakshi Parliament has been in recess over the last two weeks which gives me the opportunity to meet and greet my constituents.Kanwaljit Singh Bakshi, List MP based in Manukau East Welcome to our October newsletter Parliament has been in recess over the last two weeks which gives me the opportunity to meet and greet my constituents. Meeting with Constituents in my Manukau East Office I also had a chance to visit India and Malaysia. During my visit to India I met with Senior Ministers in the Indian Government. I had a constructive discussion with the Indian Minister of Aviation Pusapati Ashok Gajapati Raju on direct flights between New Zealand and India and offering quality training and education in New Zealand to young Indian students who are keen on building a career as pilots. Nirmala Sitharaman, Minister of State (Independent Charge) for Ministry of Commerce & Industry, as well as Minister of State for Finance and Corporate Affairs with Government of India was also kind enough to meet with me during my visit. We discussed the Free Trade Agreement between the two countries. I reiterated that New Zealand is very keen to engage with India and form a long lasting partnership between the two countries. Meeting with Hon Nirmala Sitharaman and Graeme Morton, New Zealand High Commissioner to India My visit to Malaysia was to represent...

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Gordon Campbell on a funeral in Asia and Northland

Column – Gordon Campbell Supposedly, New Zealands destiny lies in Asia, and that was one of Foreign Minister Murray McCullys rationales for his bungled reforms at MFAT. OK. So, if thats the case why didnt Prime Minister John Key – who was already in South Korea – … Gordon Campbell on a funeral in Asia, the Northland by-election, and news priorities Supposedly, New Zealand’s destiny lies in Asia, and that was one of Foreign Minister Murray McCully’s rationales for his bungled reforms at MFAT. OK. So, if that’s the case why didn’t Prime Minister John Key – who was already in South Korea – stay in the region so that he could attend the state funeral on Sunday of Singapore’s founding leader Lee Kuan Yew? Instead, Key returned to New Zealand to campaign in the Northland by-election, and Governor-General Sir Jerry Mateparae will represent this country in his place. Bad call. Key has put the domestic interests of his party ahead of New Zealand’s wider interests on the world stage. Its not as if Asia won’t notice that New Zealand will have no senior government figure present. The Singapore Straits Times has already begun totting up the heads of state set at attend. The early list includes Australia’s Prime Minister Tony Abbott, President Joko Widodo of Indonesia, Myanmar’s President Thein Sein, India’s Prime Minister Narendra Modi, South Korea’s President...

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