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New Zealand seeks trade diversity as China slows, says PM Hipkins
来源：shippingazette 编辑：编辑部 发布：2023/09/11 17:24:50
NEW ZEALAND plans to focus on trade diversification to help insulate its economy from the slowdown in China, its key trading partner, says Prime Minister Chris Hipkins, Bloomberg reports.
"The slower than expected recovery in the Chinese economy has had an impact on New Zealand," Mr Hipkins told Bloomberg Television. "That is one of the reasons our government has been very focused on trade diversification."
Chinese demand is weakening for key dairy exports, with the nation holding high inventories of milk powder and other dairy products.
New Zealand's Fonterra Cooperative Group, the world's largest dairy exporter, said its payment to its local suppliers this season could be 17 per cent less than a year earlier, citing reduced purchases from China.
Earlier, Mr Hipkins unveiled his Labour Party's economic priorities ahead of the October 14 election, one of which was to expand export opportunities by pursuing more free trade agreements. India is in his sights, he said.
"After securing trade deals with the UK and EU this year, my next priority will be to lead a prime ministerial delegation to India within the first 100 days of a new government," he said.
"The slower than expected recovery in the Chinese economy has had an impact on New Zealand," Mr Hipkins told Bloomberg Television. "That is one of the reasons our government has been very focused on trade diversification."
Chinese demand is weakening for key dairy exports, with the nation holding high inventories of milk powder and other dairy products.
New Zealand's Fonterra Cooperative Group, the world's largest dairy exporter, said its payment to its local suppliers this season could be 17 per cent less than a year earlier, citing reduced purchases from China.
Earlier, Mr Hipkins unveiled his Labour Party's economic priorities ahead of the October 14 election, one of which was to expand export opportunities by pursuing more free trade agreements. India is in his sights, he said.
"After securing trade deals with the UK and EU this year, my next priority will be to lead a prime ministerial delegation to India within the first 100 days of a new government," he said.