Tuesday, 20 May 2025 10:55

NZ supports rules-based system

Written by  Peter Burke
Deputy Prime Minister and Foreign Minister Winston Peters. Deputy Prime Minister and Foreign Minister Winston Peters.

Deputy Prime Minister Winston Peters often describes NZ as a small and isolated nation situated 'just north of the penguins' but says in terms of global affairs, NZ and other small nations should be judged on the quality of their arguments and not the size of their military.

He has talked about the shift from rules-based trade to where the size and power of a nation override the rules-based system. Over many years, NZ has been recognised as a nation that supports, and needs for its survival, a rules-based trading system.

In recent years, NZ played a pivotal role in the establishment of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) - a trade deal between 12 Asia Pacific economies including Australia, Canada, Japan, Malaysia, NZ, Singapore, and Vietnam.

Peters says while negotiating the arrangement, NZ insisted on and got the significant words "comprehensive and progressive" to be included in the title of the agreement to give it more weight.

Reflecting on the evolution of the NZ economy over the years, Peters expresses disappointment. He says that countries such as Ireland and Australia have got the jump on us over the years. He says in 1981 when in Ireland, he saw a dramatic change in its development.

"In many ways, we have left ourselves behind. If we had been as clever as Ireland was then, we would be in a much better position than we are today," he told Rural News.

As Foreign Minister, Peters seems to spend as much time in his office. When Rural News pointed out his age - 80 - Peters laughed and pointed out he learned at an early age how to burn the candle at both ends.

"I was brought up on a farm and I had to milk the cows before I went to school and when I got home in the evening, I had to milk them before I did my homework, and that hard work in my early life has helped me deal with the hard work and long hours that I do as a politician," he says.

Peters also muses that older people should be encouraged to stay working, because they know what they are doing and don't mind working long hours.

"For us being five minutes early for work is being on time and being on time is late," he says.

More like this

Dreams aren't plans

OPINION: Milking It reckons if you're National, looking at recent polls, the dream scenario is that the elusive economic recovery finally roars to life.

If voters see some growth and wages rising faster than prices, the government could say they've "fixed" things as they ride into the next election.

Back here on Earth though, the economy they inherited is a basket case, and the long-term headwinds are fierce.

Political commentator Liam Hehir says, "dreams are not plans" and if the turnaround doesn't come in time, National may have no choice but to go negative.

"Everybody wants to fight on the economy if they can. But when neither side has a compelling story, the contest shifts to other issues. That's not new. In fact, it's the stuff of politics everywhere, always."


 Read More:


Editorial: We are Trumped

OPINION: Nothing it seems can be done in the short term to get Donald Trump to change his mind about removing the unfair 15% tariffs that he’s imposed on New Zealand exports to the US.

Featured

Cheeses recalled over listeria risk

New Zealand Food Safety (NZFS) says it is supporting importer Goodfood Group in its decision to recall Food Snob and Mon Ami brand French Brie and Camembert cheeses.

Editorial: Hope for the best

New Zealand's dairy industry is right to call out Donald Trump over the damage the additional 15% tariff the US is imposing on our exports but also imposition on lower tariffs on our competitors.

National

Machinery & Products

A reliable, no-fuss workhorse

Showcased with a T7.245 at the recent National Fieldays, New Holland has expanded its T7 tractor range offering in New…

» Latest Print Issues Online

The Hound

Wrong focus

OPINION: Your old mate reckons townie Brooke van Velden, the Minister of Workplace (or is it Woke Place) Relations is…

Burn the village

OPINION: There's an infamous term coined by a US general during the Vietnam war, specifically in reference to the battle…

» Connect with Rural News

» eNewsletter

Subscribe to our weekly newsletter