China chooses Auckland for business leaders' meeting

Wayne Boyd
Maxine Simmons
Tony Nowell

More than 250 business leaders from the Asia Pacific region will be in Auckland this coming week for a meeting of the Apec Business Advisory Council (Abac).

Abac is chaired this year by China, which chose New Zealand as the host of the first of four annual meetings.

Abac is made up of three business people appointed by the governments of each of the 21 Apec economies.

New Zealand’s members are Tony Nowell, Maxine Simmons and Wayne Boyd, all prominent company directors.

Their task is to provide advice to Apec economic leaders on the trade and investment agenda, which includes sustainable development, financial issues, small-to-medium business and entrepreneurship, infrastructure and connectivity.

Other delegates include officials from Apec’s governments, who will hold parallel meetings.

The Chinese delegation is led by (Frank) Ning Gaoing, chairman of Cofco, that country's largest agribusiness.  He will also lead a 40-strong delegation of other representatives from other businesses in China.

BusinessNZ is the host organisation and the major sponsors are Fonterra and ANZ.

The Auckland Council, Air New Zealand and the Meat Industry Association are all sponsoring social events.

“This is an opportunity to showcase New Zealand’s sustainable production systems to an influential audience,” Fonterra chairman John Wilson says.

The meeting at The Lamgham will run from Wednesday to Friday.

This article is tagged with the following keywords. Find out more about My Tags

NZ Market Snapshot

Forex

Sym Price Change
USD 0.7740 -0.0003 -0.04%
AUD 0.9511 0.0005 0.05%
EUR 0.6324 -0.0002 -0.03%
GBP 0.4954 0.0001 0.02%
HKD 6.0039 0.0001 0.00%
JPY 92.5100 -0.0050 -0.01%

Commods

Commodity Price Change Time
Gold Index 1195.4 -2.890 2014-12-19T00:
Oil Brent 61.4 1.580 2014-12-19T00:
Oil Nymex 57.1 2.910 2014-12-19T00:
Silver Index 16.0 0.096 2014-12-19T00:

Indices

Symbol Open High Last %
NZX 50 5518.5 5545.0 5539.3 -0.21%
NASDAQ 4752.6 4782.1 4748.4 0.36%
DAX 9901.3 9901.3 9811.1 -0.25%
DJI 17778.0 17874.0 17778.2 0.15%
FTSE 6466.0 6566.9 6466.0 1.23%
HKSE 23158.3 23189.6 22832.2 1.25%
NI225 17511.0 17621.4 17210.0 2.39%