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Speaker 1: Look into what might come out of the visits of

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Speaker 1: this Chinese premier Lee Chiang, first visit since twenty seventeen.

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Speaker 1: Of course, he's in Auckland today to meet the China Council,

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Speaker 1: among others. Trade Minister is with the Todd mcclay's with

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Speaker 1: us with us.

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Speaker 2: Good morning, make the morning.

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Speaker 1: My understanding is he's traveling with a large trade delegation.

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Speaker 1: Is trade being done? Are we bullish about this or not?

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Speaker 2: Yes, very much so you'll have seen yesterday we announced

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Speaker 2: our lord's the negotiation for our services upgrade of the FDA.

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Speaker 2: That's going to be really important New Zealand experts. We

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Speaker 2: want to go from currently a system that says there's

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Speaker 2: a list of things you can sell into China for services,

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Speaker 2: to what we call a negative list. You can sell

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Speaker 2: anything except where it's on a list with restriction. And

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Speaker 2: it's a really really positive step. And then there are

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Speaker 2: businesses traveling with the Chinese delegation today in Auckland with

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Speaker 2: New Zealand. Businesses will be signing cooperation and trade deals.

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Speaker 1: What's all this worth and dollar terms? Do we know?

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Speaker 2: Well, it's huge. You know, I've got thirty eight billion

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Speaker 2: dollars worth two way trade. Their economies growing by five

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Speaker 2: percent this year, that's four times in New Zealand economy.

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Speaker 2: You know, they're still really really really big potential into

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Speaker 2: that market. But I think between the services agreement we're

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Speaker 2: negotiating when that's landed, and the other cooperation agreements around

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Speaker 2: infant formula, Kiwi berries, and then also they've trade deal

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Speaker 2: billions of dollars of the answer.

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Speaker 1: Are they bullish about their economy at all? Because being

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Speaker 1: I mean five percent, you're right, five percent of the

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Speaker 1: massive economy is a lot, but it's not what it was.

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Speaker 1: Are they bullish?

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Speaker 2: Look? Look, I think I think they've seen this as

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Speaker 2: with many countries. There are some structural challenges coming out

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Speaker 2: out of COVID, but they're optimistic and probably a little

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Speaker 2: bit bullish. That's really good news for us. I was

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Speaker 2: up there a month or so ago, maybe a little

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Speaker 2: bit more. There's half a billion middle class Chinese consumers.

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Speaker 2: They're younger, they're wanting to buy the goods and services

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Speaker 2: we produce. They're very interested in where their goods and

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Speaker 2: services come from. What that story is, And I just

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Speaker 2: back the New Zealand's really really well placed, really, but

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Speaker 2: this has to be seen as a positive as it

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Speaker 2: by the Chinese premiere, and you know there is more

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Speaker 2: opportunity for us in that market.

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Speaker 1: The Belton Road side of the equation. There are money

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Speaker 1: in here doing stuff for us. Are we keen on

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Speaker 1: this or not.

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Speaker 2: It's not something that's really been discussed widely, and you

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Speaker 2: know a few the projects from many years ago have

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Speaker 2: been talked about for a long time. It's probably not

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Speaker 2: something we're progressing with as a government, the Belton Road initiative.

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Speaker 2: But aside from that, in our FTA, we're very open

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Speaker 2: to investment from any country of the world. We don't

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Speaker 2: say that we want it for one place rather than other.

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Speaker 2: It's good for New Zealand and it's going to grow

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Speaker 2: the economy. It's worth considering. But I wouldn't suggest to

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Speaker 2: the Belt and Roads we're going to be taking any

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Speaker 2: steps forward.

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Speaker 1: Luckson's comments, we're interesting fifty to fifty in the bilateral

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Speaker 1: fifty we agree fifty. We don't how delicate is that

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Speaker 1: type grope?

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Speaker 2: Well, it's very important. I mean we have things that

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Speaker 2: are important to us. Take their death penalty for instance.

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Speaker 2: You know we've always been opposed to that, no matter

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Speaker 2: whether it's in China or in the US, and we

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Speaker 2: raige it with people constructively and respectfully. And so it

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Speaker 2: is important that we raise issues you know that the

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Speaker 2: New Zealand cares about. We're allowed to do it publicly,

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Speaker 2: we should do it directly. And so but I would

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Speaker 2: I would categorize at Ascustes today as respectful and responsible

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Speaker 2: and actually warm in many parts with the relationship works well, all.

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Speaker 1: Right, I appreciate it. Tom McLay, who's our Trade minister.

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