Thursday, 17 March 2016 11:06

Italy, Hungary break ranks over Russia

Written by 
New Zealand First Leader and Northland MP Winston Peters. New Zealand First Leader and Northland MP Winston Peters.

New Zealand First says Italy and Hungary are breaking European ranks over Russian sanctions.

New Zealand First Leader and Northland MP Winston Peters says the Foreign Ministers of Italy and Hungary this week said there could be no automatic extension of the European Union's sanctions against Russia. "We can probably add Greece and Cyprus to that growing list as well," says Peter.

"While (Prime Minister) Mr (John) Key was entertaining the Iranian Foreign Minister in Wellington, Iran moved this week to fill Russia's $1bn market for fruit and vegetables. This follows Russian sanctions against Turkey after it shot down a Russian fighter over Syria."

Peters says Russia is also the world's number one beef importer and number two dairy importer.

Earlier he told a ForestWood Conference in Auckland the dairy industry – vitally important as it is to New Zealand – is not going to repeat the growth record of the past decade.

"Both economically and environmentally the conditions that fostered such rapid growth in the dairy sector are unlikely to recur," he says.

"Dairy will still be a mainstay – but it has come down to earth with a bump – and given us a salutary reminder that diverse exporting industries is economic common sense."

New Zealand needs to build up many other heavyweight export sectors as well.

There were very few economic sectors that offer the potential or opportunity of forestry and wood products.

That is why NZ First supports the vision of the Wood Council to raise the earnings of the New Zealand forest and wood products sector to $12 billion by 2022.

More like this

NZ supports rules-based system

Deputy Prime Minister Winston Peters often describes NZ as a small and isolated nation situated 'just north of the penguins' but says in terms of global affairs, NZ and other small nations should be judged on the quality of their arguments and not the size of their military.

Drunk on power!

OPINION: The end-of-year booze-up at the posh Northern Club in Auckland must have been a beauty, as the legal 'elite' let their hair down and showed us how entitled and political some in the judiciary really are.

Featured

National

NZ supports rules-based system

Deputy Prime Minister Winston Peters often describes NZ as a small and isolated nation situated 'just north of the penguins'…

Machinery & Products

Iconic TPW Woolpress turns 50!

The company behind the iconic TPW Woolpress, which fundamentally changed the way wool is baled in Australia and New Zealand,…

» Latest Print Issues Online

The Hound

Double standards

OPINION: Imagine if the Hound had called the Minister of Finance the 'c-word' and accused her of "girl math".

Debt monster

OPINION: It's good news that Finance Minister Nicola Willis has slashed $1.1 billion from new spending, citing "a seismic global…

» Connect with Rural News

» eNewsletter

Subscribe to our weekly newsletter