NZ Prime Minister John Key and the Australian business community attend a Trans-Tasman Business Circle lunch at Sofitel Wentworth, 61 Phillip Street, Sydney at 12pm to 2pm, 5 July, 2012.
NZ Prime Minister Australia visit
The official website
of the New Zealand government reports that Prime Minister John Key is on a two-day visit to Australia, where he will meet with financial and business leaders in Sydney and Melbourne.
In Sydney, on Thursday 5 July, he gave an address to a Trans-Tasman Business luncheon
and in the evening delivered the ‘John Howard Lecture
Speech by Rt. Hon. John Key, Prime Minister of New Zealand
Some of the points made by the PM of New Zealand included the following:
He believed that there were two key factors that were going to change Australasia: Economic growth in Asia and the Internet.
As the result of changes made by his party, it is now predicted that government debt will be zero. Previously in 2008 it had been forecast to be 60% of GDP.
He underlined his government’s pro-business stance, as he believed business to be essential for job creation.
He was not optimistic about the situation in Europe, but less concerned about the US. He saw the growth in Asia as where the main opportunities would be found.
Although New Zealand’s trade with Australia is currently three and a half times the size of that with China “it is not inconceivable” that China will one day be the largest market for New Zealand.
A pro-business government
Spruiking New Zealand as a great place to invest, Prime Minister John Key said “But we say that we are pro-business for this reason; because it’s our view that businesses create jobs. Governments do not create jobs. Governments create the environment where businesses might create jobs, but in the end we need you to invest and to take a risk by putting more, or some of your investments in New Zealand. So that’s the view of the New Zealand government.”
“We try and be pretty predictable and clear in terms of what we’re thinking and what we’re doing and transparent and so far we’ve enjoyed very stable support from the New Zealand government in doing that.
“So that’s our sort of, I guess, top line message and overall view of New Zealand.”
Around the world
Prime Minister John Key then gave his views on the world economy, “Let me just give you a few thoughts on what we think is sort of happening around the world.
“I think, you know, if you look at the world in terms of risks and opportunities; then the risks without a doubt in our view are those in relation to the global economic environment and that really starts in a way in Europe. We’ve most recently been over in Germany seeing Angela Merkel and in Brussels and obviously in the UK…”
He continued…“And I think that my perspective on Europe is really this: I have been giving a number of public speeches this year, where I’ve been saying that Greece won’t leave the euro, where the euro won’t ‘blow-up’ and in fact they’ll just continue to muddle along, in a fairly stagnant way and that remains my view. So why is that? Well the answer is not because it’s working terribly well, (because it’s probably not - I think you’ll see from your TV sets), but because to understand the euro is to understand what’s driving it. This is not an economic construct; it is a political construct. This is a view based by a group of countries and a group of politicians, that in the end, having an agreement such as this, will stop those countries descending into the sort of aggression that we saw years ago.”