Wednesday, 27 July 2016 12:59

Minister clarifies China trade issue

Written by 

Trade Minister Todd McClay has reiterated the Government has sought and received assurances from the Chinese Government that any competition issues would not impact on trade between the two countries.

McClay is responding to reports that retaliatory action could be imposed if an investigation is launched into allegations of steel dumping.

"On my return from Indonesia I asked my office for a full review of the broader issues around this matter," he says.

"I want to make it clear that there have been discussions and limited correspondence over the past few months as the Ministry of Foreign Affairs and Trade has endeavoured to assess the veracity of these reports.

"I remain limited in what I can say as there are legislative constraints around the reporting of competition complaints that are not yet under investigation. These remain confidential until such time as any investigation is launched and publicly notified.

"Having said that, at the time I should have requested a more thorough briefing before I responded to questions on this issue.

"I have apologised to the Prime Minister for not being able to provide more details at the time.

"I would like to reiterate that through our engagement on this issue we have sought and received assurance from the Chinese Government that any concerns around retaliatory action are unfounded.

"I stand by my view the assurances should give our exporters confidence that our trading relationship with China remains in good heart."

More like this

Cold comfort

One of the most galling aspects of the tariffs whacked on our farm exports to the US is the fact that, now more than ever, US farmers are being propped up by government welfare – a direct result of Trump’s hardline on its trading partners.

Strong wool eyes China

China looks set to play a key role in helping the New Zealand wool sector shift away from trading as a commodity supplier.

NZ seeks certainty on US tariff, says McClay

Trade Minister Todd McClay says his officials plan to meet their US counterparts every month from now on to better understand how the 15% tariff issue there will play out, and try and get some certainty there for our exporters about the future.

Featured

Tributes paid to Jim Bolger

Dignitaries from  all walks of life – the governor general,  politicians past and present, Maoridom- including the Maori Queen, church leaders, the primary sector and family and  friends packed Our Lady of Kapiti’s Catholic church in Paraparaumu on Thursday October 23 to pay tribute to former prime Minister, Jim Bolger who died last week.

Meet the Need: Helping Kiwis put food on the table

Meet the Need, a farmer-led charity, says food insecurity in New Zealand is dire, with one in four children now living in a household experiencing food insecurity, according to Ministry of Health data.

National

Machinery & Products

» Latest Print Issues Online

The Hound

Red faced

OPINION: The Greens have taken the high moral ground on the Palestine issue and been leading political agitators in related…

Cold comfort

One of the most galling aspects of the tariffs whacked on our farm exports to the US is the fact…

» Connect with Rural News

» eNewsletter

Subscribe to our weekly newsletter