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Free AccessNZ Risks Spat With Australia Over Chinese 'Respect' Comment
The gov't of New Zealand has risked a spat with its nearest neighbour following a comment from its trade minister Damien O'Connor suggesting that the Australian gov't should 'show respect' towards China and act more diplomatically in its dealings with Beijing.
- Relations between Canberra and Beijing remain in a poor state following a call by PM Scott Morrison for an international inquiry into the initial outbreak of COVID-19 in Wuhan, China. This caused outrage in Beijing, which swiftly imposed a series of trade restrictions on Australian imports.
- New Zealand on the other hand has recently upgraded its trade agreement with China.
- Some in Australia have seen the actions of O'Connor as kow-towing to Beijing in an effort to secure favourable access to Chinese markets for exports such as lamb, wool, beef, and timber, where Australia and New Zealand compete with one another.
- O'Connor sought to dampen down the issue in a call with his Australian counterpart Dan Tehan on Thursday.
- Increasing focus on New Zealand gov'ts rhetoric and actions with regard to China. It did not go unnoticed in Australia, the US, and UK that NZ was the only 'Five Eyes' security alliance member that not sign up to the joint statement condemning the arrest of 55 pro-democracy politicians in Hong Kong earlier in January.
To read the full story
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.