Negotiations on investment protocol with HK to start
Negotiations with Hong Kong on an investment protocol will start next month, Trade Minister Tim Groser says.
Negotiations with Hong Kong on an investment protocol will start next month, Trade Minister Tim Groser says.
The negotiations would build on the Hong Kong-New Zealand Closer Economic Partnership Agreement (CEP), he said. The protocol would provide a framework for increased investment flows between New Zealand and Hong Kong.
"As a global investment hub and gateway into mainland China, Hong Kong provides significant investment opportunities for New Zealand investors," Mr Groser said.
"Hong Kong is New Zealand's eighth largest investment destination, and is the sixth largest source for inward investment into New Zealand. In 2009, New Zealand investments to Hong Kong were valued at over $1.2 billion dollars -- an increase of approximately 240 percent from 2005. There is real potential for further increased investment flows that will benefit both economies."
The Foreign Affairs and Trade Ministry would call for submissions.
"It is critical that New Zealand businesses and other stakeholders make their interests in Hong Kong known to the New Zealand negotiating team," Mr Groser said.
NZPA
Tue, 19 Apr 2011
Tue, 19 Apr 2011
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Negotiations on investment protocol with HK to start
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