New Zealand enjoys an excellent national image as a peaceful and friendly country with a high quality of life, social and political stability, 100 per cent pure nature, cultural diversity, and an educational system of global standard. This is why New Zealand is one of the most popular destinations for Korean migrants, tourists, and students studying abroad.
Thanks to 30,000 ethnic Koreans living in New Zealand, 10,000 Korean students and 50,000 visitors from Korea annually, our people-to-people ties are flourishing. Recently the growing popularity of the Korean Wave, as demonstrated by PSY's Gangnam Style and K-pop fan club, has also brought our two peoples closer.
In short, Korea and New Zealand enjoy one of the best bilateral relationships. However, it still has not reached its full potential with one missing link and that is a free trade agreement. Both countries are committed to free market economic policies and are proponents of free trade. Moreover, the two economies are highly complementary. A free trade agreement would not only help unlock unrealised potential in trade and investment, but it will also have positive effects on overall bilateral relations.
A mutually beneficial FTA will strengthen partnership in food security, energy and resources development, and provide opportunities for Korean companies to participate in various infrastructure projects in New Zealand.
New Zealand and Korea are natural and ideal partners, who can depend upon each other when in need, as we share not only common interests but also values. We are complementary in many respects and our relationship is anchored by mutual understanding and trust. As we commemorate the 60th anniversary of the Korean War Armistice, it is time to refresh our long-standing friendship forged in blood and work together on a blueprint for our shared future.
This week Prime Minister John Key travels to Korea with 30 Korean War veterans to attend the commemorations of the 60th anniversary of the Korean War Armistice. During the visit the Prime Minister will hold talks with the new Korean President Park Geun-hye, an old friend of New Zealand. I am convinced that this visit will lay a solid foundation for further upgrading our strong ties.
Yongkyu Park is the Korean Ambassador to New Zealand.