Wednesday, 27 July 2016 12:59

Minister clarifies China trade issue

Written by 

Trade Minister Todd McClay has reiterated the Government has sought and received assurances from the Chinese Government that any competition issues would not impact on trade between the two countries.

McClay is responding to reports that retaliatory action could be imposed if an investigation is launched into allegations of steel dumping.

"On my return from Indonesia I asked my office for a full review of the broader issues around this matter," he says.

"I want to make it clear that there have been discussions and limited correspondence over the past few months as the Ministry of Foreign Affairs and Trade has endeavoured to assess the veracity of these reports.

"I remain limited in what I can say as there are legislative constraints around the reporting of competition complaints that are not yet under investigation. These remain confidential until such time as any investigation is launched and publicly notified.

"Having said that, at the time I should have requested a more thorough briefing before I responded to questions on this issue.

"I have apologised to the Prime Minister for not being able to provide more details at the time.

"I would like to reiterate that through our engagement on this issue we have sought and received assurance from the Chinese Government that any concerns around retaliatory action are unfounded.

"I stand by my view the assurances should give our exporters confidence that our trading relationship with China remains in good heart."

More like this

New Order

OPINION: If old Winston Peters thinks building trade relations with new nations, such as India, isn't a necessary investment in our future, he has rocks in his head.

Global Trade Uncertainty 'Likely To Remain'

Global trade has been thrown into another bout of uncertainty following the overnight ruling by US Supreme Court, striking down President Donald Trump's decision to impose additional tariffs on trading partners.

Featured

National

Machinery & Products

» Latest Print Issues Online

The Hound

Penny Pinching

OPINION: A mate of yours truly reckons rural Manawatu families are the latest to suffer under what he calls the…

New Order

OPINION: If old Winston Peters thinks building trade relations with new nations, such as India, isn't a necessary investment in…

» Connect with Rural News

» eNewsletter

Subscribe to our weekly newsletter