Key talks trade, investment at APEC

  • 09/11/2014

By Sarah Robson

Prime Minister John Key will get the chance to speak to the leaders of some of New Zealand's biggest trading partners when he attends this year's APEC summit.

Mr Key is in Beijing for the two-day meeting which will be attended by 21 political leaders from across the Asia-Pacific region.

"This year's APEC is focusing of advancing regional economic cooperation and promoting innovative development, economic reform and growth, which fit well with New Zealand's own economic priorities," Mr Key said ahead of the meeting.

Today Mr Key will be making a speech at the APEC CEO summit about the future of global finance, while the main leaders' meeting will take place on Tuesday.

The Prime Minister will also use the summit as an opportunity to hold bilateral meetings with other attending leaders.

"It's a great opportunity to promote New Zealand as a good place to do business and invest in," Mr Key said.

"Around 44 percent of global trade now takes place among APEC economies and 74 percent of New Zealand's total goods exports by value is with APEC economies."

Foreign Affairs Minister Murray McCully and Trade Minister Tim Groser attended the APEC ministerial meetings late last week.

After APEC, Mr Key will fly to Chengdu in Sichuan province to open the new New Zealand Consulate there.

He will then head to Naypyidaw, the administrative capital of Myanmar, for the East Asia Summit.

Mr Key returns to New Zealand on Friday, before heading to Brisbane for the G20 meeting.

WHAT IS APEC?

* APEC stands for Asia Pacific Economic Cooperation

* Formed in 1989 to promote sustainable economic growth and trade and investment liberalisation in the Asia-Pacific

* 2014 marks APEC's 25th anniversary

* APEC includes: Australia, Brunei, Canada, Chile, China, Hong Kong, Indonesia, Japan, South Korea, Malaysia, Mexico, New Zealand, Papua New Guinea, Peru, the Philippines, Russia, Singapore, Chinese Taipei, Thailand, the United States and Vietnam

* New Zealand hosted the APEC leaders' meeting in 1999.

NZN

source: newshub archive