New Zealand Prime Minister Chris Hipkins urged his nation’s exporters not to rely so heavily on China, saying it’s important for them to diversify in an uncertain world.
“My message to Kiwi exporters is yes, we do want to make sure that you’re not putting all your eggs in one basket, that you are diversifying,” Hipkins told reporters Tuesday in Wellington. Asked if he saw value in diversifying trade beyond China, he said: “Absolutely. Any trading nation, as New Zealand is, is wise to make sure that we’ve got a diverse network of trading relationships.”
Asked if New Zealand exports were diversified enough, Hipkins said “no, not at all.”
“We do live in a globally uncertain world and business needs to make sure they’re taking heed of that,” he said.
New Zealand Foreign Minister Nanaia Mahuta departs for China today for meetings with her Chinese counterpart, Qin Gang, in Beijing — the first high-level, in-person contact between the two nations since the pandemic.
Mahuta would be taking the message that “New Zealand values our relationship with China,” Hipkins said. “It’s a good opportunity for us to get back together, have a conversation.”