NZ Herald
  • Home
  • Latest news
  • Herald NOW
  • Video
  • New Zealand
  • Sport
  • World
  • Business
  • Entertainment
  • Podcasts
  • Quizzes
  • Opinion
  • Lifestyle
  • Travel
  • Viva
  • Weather

Subscriptions

  • Herald Premium
  • Viva Premium
  • The Listener
  • BusinessDesk

Sections

  • Latest news
  • New Zealand
    • All New Zealand
    • Crime
    • Politics
    • Education
    • Open Justice
    • Scam Update
  • Herald NOW
  • On The Up
  • World
    • All World
    • Australia
    • Asia
    • UK
    • United States
    • Middle East
    • Europe
    • Pacific
  • Business
    • All Business
    • MarketsSharesCurrencyCommoditiesStock TakesCrypto
    • Markets with Madison
    • Media Insider
    • Business analysis
    • Personal financeKiwiSaverInterest ratesTaxInvestment
    • EconomyInflationGDPOfficial cash rateEmployment
    • Small business
    • Business reportsMood of the BoardroomProject AucklandSustainable business and financeCapital markets reportAgribusiness reportInfrastructure reportDynamic business
    • Deloitte Top 200 Awards
    • CompaniesAged CareAgribusinessAirlinesBanking and financeConstructionEnergyFreight and logisticsHealthcareManufacturingMedia and MarketingRetailTelecommunicationsTourism
  • Opinion
    • All Opinion
    • Analysis
    • Editorials
    • Business analysis
    • Premium opinion
    • Letters to the editor
  • Politics
  • Sport
    • All Sport
    • OlympicsParalympics
    • RugbySuper RugbyNPCAll BlacksBlack FernsRugby sevensSchool rugby
    • CricketBlack CapsWhite Ferns
    • Racing
    • NetballSilver Ferns
    • LeagueWarriorsNRL
    • FootballWellington PhoenixAuckland FCAll WhitesFootball FernsEnglish Premier League
    • GolfNZ Open
    • MotorsportFormula 1
    • Boxing
    • UFC
    • BasketballNBABreakersTall BlacksTall Ferns
    • Tennis
    • Cycling
    • Athletics
    • SailingAmerica's CupSailGP
    • Rowing
  • Lifestyle
    • All Lifestyle
    • Viva - Food, fashion & beauty
    • Society Insider
    • Royals
    • Sex & relationships
    • Food & drinkRecipesRecipe collectionsRestaurant reviewsRestaurant bookings
    • Health & wellbeing
    • Fashion & beauty
    • Pets & animals
    • The Selection - Shop the trendsShop fashionShop beautyShop entertainmentShop giftsShop home & living
    • Milford's Investing Place
  • Entertainment
    • All Entertainment
    • TV
    • MoviesMovie reviews
    • MusicMusic reviews
    • BooksBook reviews
    • Culture
    • ReviewsBook reviewsMovie reviewsMusic reviewsRestaurant reviews
  • Travel
    • All Travel
    • News
    • New ZealandNorthlandAucklandWellingtonCanterburyOtago / QueenstownNelson-TasmanBest NZ beaches
    • International travelAustraliaPacific IslandsEuropeUKUSAAfricaAsia
    • Rail holidays
    • Cruise holidays
    • Ski holidays
    • Luxury travel
    • Adventure travel
  • Kāhu Māori news
  • Environment
    • All Environment
    • Our Green Future
  • Talanoa Pacific news
  • Property
    • All Property
    • Property Insider
    • Interest rates tracker
    • Residential property listings
    • Commercial property listings
  • Health
  • Technology
    • All Technology
    • AI
    • Social media
  • Rural
    • All Rural
    • Dairy farming
    • Sheep & beef farming
    • Horticulture
    • Animal health
    • Rural business
    • Rural life
    • Rural technology
    • Opinion
    • Audio & podcasts
  • Weather forecasts
    • All Weather forecasts
    • Kaitaia
    • Whangārei
    • Dargaville
    • Auckland
    • Thames
    • Tauranga
    • Hamilton
    • Whakatāne
    • Rotorua
    • Tokoroa
    • Te Kuiti
    • Taumaranui
    • Taupō
    • Gisborne
    • New Plymouth
    • Napier
    • Hastings
    • Dannevirke
    • Whanganui
    • Palmerston North
    • Levin
    • Paraparaumu
    • Masterton
    • Wellington
    • Motueka
    • Nelson
    • Blenheim
    • Westport
    • Reefton
    • Kaikōura
    • Greymouth
    • Hokitika
    • Christchurch
    • Ashburton
    • Timaru
    • Wānaka
    • Oamaru
    • Queenstown
    • Dunedin
    • Gore
    • Invercargill
  • Meet the journalists
  • Promotions & competitions
  • OneRoof property listings
  • Driven car news

Puzzles & Quizzes

  • Puzzles
    • All Puzzles
    • Sudoku
    • Code Cracker
    • Crosswords
    • Cryptic crossword
    • Wordsearch
  • Quizzes
    • All Quizzes
    • Morning quiz
    • Afternoon quiz
    • Sports quiz

Regions

  • Northland
    • All Northland
    • Far North
    • Kaitaia
    • Kerikeri
    • Kaikohe
    • Bay of Islands
    • Whangarei
    • Dargaville
    • Kaipara
    • Mangawhai
  • Auckland
  • Waikato
    • All Waikato
    • Hamilton
    • Coromandel & Hauraki
    • Matamata & Piako
    • Cambridge
    • Te Awamutu
    • Tokoroa & South Waikato
    • Taupō & Tūrangi
  • Bay of Plenty
    • All Bay of Plenty
    • Katikati
    • Tauranga
    • Mount Maunganui
    • Pāpāmoa
    • Te Puke
    • Whakatāne
  • Rotorua
  • Hawke's Bay
    • All Hawke's Bay
    • Napier
    • Hastings
    • Havelock North
    • Central Hawke's Bay
    • Wairoa
  • Taranaki
    • All Taranaki
    • Stratford
    • New Plymouth
    • Hāwera
  • Manawatū - Whanganui
    • All Manawatū - Whanganui
    • Whanganui
    • Palmerston North
    • Manawatū
    • Tararua
    • Horowhenua
  • Wellington
    • All Wellington
    • Kapiti
    • Wairarapa
    • Upper Hutt
    • Lower Hutt
  • Nelson & Tasman
    • All Nelson & Tasman
    • Motueka
    • Nelson
    • Tasman
  • Marlborough
  • West Coast
  • Canterbury
    • All Canterbury
    • Kaikōura
    • Christchurch
    • Ashburton
    • Timaru
  • Otago
    • All Otago
    • Oamaru
    • Dunedin
    • Balclutha
    • Alexandra
    • Queenstown
    • Wanaka
  • Southland
    • All Southland
    • Invercargill
    • Gore
    • Stewart Island
  • Gisborne

Media

  • Video
    • All Video
    • NZ news video
    • Herald NOW
    • Business news video
    • Politics news video
    • Sport video
    • World news video
    • Lifestyle video
    • Entertainment video
    • Travel video
    • Markets with Madison
    • Kea Kids news
  • Podcasts
    • All Podcasts
    • The Front Page
    • On the Tiles
    • Ask me Anything
    • The Little Things
  • Cartoons
  • Photo galleries
  • Today's Paper - E-editions
  • Photo sales
  • Classifieds

NZME Network

  • Advertise with NZME
  • OneRoof
  • Driven Car Guide
  • BusinessDesk
  • Newstalk ZB
  • Sunlive
  • ZM
  • The Hits
  • Coast
  • Radio Hauraki
  • The Alternative Commentary Collective
  • Gold
  • Flava
  • iHeart Radio
  • Hokonui
  • Radio Wanaka
  • iHeartCountry New Zealand
  • Restaurant Hub
  • NZME Events

SubscribeSign In
Advertisement
Advertise with NZME.
Home / Politics

Fran O'Sullivan: China trade high on Key-Gillard agendas

Fran O'Sullivan
By Fran O'Sullivan
Head of Business·NZ Herald·
5 Apr, 2013 04:30 PM4 mins to read

Subscribe to listen

Access to Herald Premium articles require a Premium subscription. Subscribe now to listen.
Already a subscriber?  Sign in here

Listening to articles is free for open-access content—explore other articles or learn more about text-to-speech.
‌
Save

    Share this article

John Key and Julia Gillard will be glad to step away from respective domestic headaches for the Boao forum. Photo / Greg Bowker

John Key and Julia Gillard will be glad to step away from respective domestic headaches for the Boao forum. Photo / Greg Bowker

Fran O'Sullivan
Opinion by Fran O'Sullivan
Head of Business, NZME
Learn more
PM's challenge is to build on gains already made under FTA

John Key has booked a drink with Julia Gillard during the weekend's Boao forum on Hainan island where they are joining 11 other leaders on Chinese president Xi Jinping's dance card.

It will be an important - and welcome - outing for both Australasian leaders. A chance to strut their stuff on the international stage and get away from the political heat at home.

Gillard's leadership has been under pressure. No one serious expects her to survive the September general election in Australia. Key isn't facing an election this year but his own image has been tarnished as a result of the latest "brain fade" episode; his forgetfulness over the machinations leading up to Ian Fletcher's appointment as head of the GCSB.

It's not surprising that they want to share a drink. Probably more than one, too.

Advertisement
Advertise with NZME.
Advertisement
Advertise with NZME.

In the grand scheme of things the Fletcher affair is small-beer stuff. It's pertinent to note that former GCSB chief Bruce Ferguson, who went on the attack against Key this week, was not on the initial short list for one of his earlier roles. He jumped over arguably higher qualified players when he was made Chief of the Defence Forces under Helen Clark's reign.

While the travelling media will keep the pressure up on Key on domestic issues, the coverage will be balanced by other more positive news generated by his mission.

Tomorrow Key and Gillard get just six minutes to demonstrate to Xi - and the Chinese power-brokers who will be present - the importance of their countries as economic partners to China.

Key doesn't want to waste these pressure minutes by too much homage-making to Xi. He's hosted Xi to dinner twice before and is a known quantity unlike some of the other newer leaders.

New Zealand and Australia have been huge beneficiaries of Chinese global demand. NZIER labels China as New Zealand's "hottest export market" and according to new figures says it eased the pain of the global financial crisis by taking $4.9 billion of NZ's additional $9.5 billion exports since 2007.

The free trade deal that New Zealand notched with China on April 7, 2008 provided this country with a competitive edge - particularly for agricultural trade with 96 per cent of NZ exports duty free by 2019.

Discover more

Opinion

Fran O'Sullivan: Govt intervention doesn't cut mustard

29 Mar 04:30 PM
New Zealand

We need to talk about China

05 Apr 04:30 PM
New Zealand|politics

Nth Korea on everyone's agenda

05 Apr 04:30 PM
New Zealand|politics

PM: Media are 'knuckleheads'

05 Apr 04:30 PM

But those FTA preferences will not last forever. And there are signs that Australia - which has yet to cement its own FTA - is on the verge of getting full RMB convertibility for the Aussie dollar. This would be of enormous benefit to Australian exporters - but does not appear to be on NZ's agenda.

If it is not on the agenda for this week's high-level talks in Beijing, how can Key get it elevated so Australia (assuming the leaks are on the money) does not steal a march on our exporters.

Advertisement
Advertise with NZME.

Tomorrow Key is expected to flesh out further a developing strategy for New Zealand to pony up with Chinese capital to invest in third markets - particularly in the agriculture area - and develop high quality proteins for China's growing middle class. It is an important positioning statement which follows on from a similar theme played out in Latin America which is an obvious target for co-investment.

Key and Gillard will make state visits to China next week to celebrate the 40th anniversary of diplomatic relations with China for both New Zealand and Australia.

Key's visit comes at a crowded time in Beijing's official agenda.

He is one of 13 foreign leaders or heads of international organisations who will attend the Boao Forum. The others are Brunei's Sultan Hassanal Bolkiah, Kazakhstan president Nursultan Nazarbayev, Burma's President U Thein Sein, Peruvian President Ollanta Humala Tasso, Zambian President Michael Sata, Finnish President Sauli Niinisto, Mexican President Enrique Pena Nieto, Cambodian Prime Minister Hun Sen, Ms Gillard, ; Algeria's Speaker of the Council of the Nation Abdelkader Bensalah, Chairman of the State Great Hural of Mongolia Zandaakhuu Enkhbold and the president of the United Nations 67th General Assembly session, Vuk Jeremic.

Nine of those leaders will also make full state visits as guests of Xi. Key, Hun Sen and Gillard will make official visits as guests of Chinese Premier Li Keqiang.

Over this weekend, Key will have the usual round of meetings with other leaders such as Gillard, Pena Nieto and Tass, and potentially influential meetings with IMF managing director Christine Lagarde and Microsoft founder Bill Gates.

Advertisement
Advertise with NZME.

The agenda for Key's visit is set, but not all the outcomes are set in stone. His challenge is to read the signals during the week and use his position to cut through in areas where New Zealand is not making progress. How the FTA looks following his meeting

Premier Li Keqiang will be the test.

Save

    Share this article

Latest from Politics

Politics

Two New Zealand embassy staff, families evacuated from Tehran

18 Jun 07:30 PM
Politics

National loses Kiwis’ confidence handling inflation to Labour - survey

18 Jun 05:00 PM
Premium
PoliticsUpdated

Luxon visits a great wall in China – and it has a message for him

18 Jun 05:00 PM

Jono and Ben brew up a tea-fuelled adventure in Sri Lanka

sponsored
Advertisement
Advertise with NZME.

Latest from Politics

Two New Zealand embassy staff, families evacuated from Tehran

Two New Zealand embassy staff, families evacuated from Tehran

18 Jun 07:30 PM

The New Zealand embassy in Tehran has been temporarily closed.

National loses Kiwis’ confidence handling inflation to Labour - survey

National loses Kiwis’ confidence handling inflation to Labour - survey

18 Jun 05:00 PM
Premium
Luxon visits a great wall in China – and it has a message for him

Luxon visits a great wall in China – and it has a message for him

18 Jun 05:00 PM
Bootcamps: Minister admits teen death derailed pilot participants

Bootcamps: Minister admits teen death derailed pilot participants

18 Jun 05:48 AM
Help for those helping hardest-hit
sponsored

Help for those helping hardest-hit

NZ Herald
  • About NZ Herald
  • Meet the journalists
  • Newsletters
  • Classifieds
  • Help & support
  • Contact us
  • House rules
  • Privacy Policy
  • Terms of use
  • Competition terms & conditions
  • Our use of AI
Subscriber Services
  • NZ Herald e-editions
  • Daily puzzles & quizzes
  • Manage your digital subscription
  • Manage your print subscription
  • Subscribe to the NZ Herald newspaper
  • Subscribe to Herald Premium
  • Gift a subscription
  • Subscriber FAQs
  • Subscription terms & conditions
  • Promotions and subscriber benefits
NZME Network
  • The New Zealand Herald
  • The Northland Age
  • The Northern Advocate
  • Waikato Herald
  • Bay of Plenty Times
  • Rotorua Daily Post
  • Hawke's Bay Today
  • Whanganui Chronicle
  • Viva
  • NZ Listener
  • Newstalk ZB
  • BusinessDesk
  • OneRoof
  • Driven Car Guide
  • iHeart Radio
  • Restaurant Hub
NZME
  • About NZME
  • NZME careers
  • Advertise with NZME
  • Digital self-service advertising
  • Book your classified ad
  • Photo sales
  • NZME Events
  • © Copyright 2025 NZME Publishing Limited
TOP