Russia tagged posts

NZ-Russia Investigating FTA

June 1, 2010 International FinanceNew Zealand Finance

Government, old and newThe Governments of Russia and New Zealand have commenced preparation for future negotiations of a bilateral Free Trade Agreement (FTA).

On May 31st the Government of New Zealand released a statement announcing the commencement of groundwork for the eventual negotiations of a FTA between New Zealand and Russia. The statement was released shortly after a meeting between Tim Groser, Trade Minister of New Zealand, and Elvira Nabiullina, Russian Minister of Economic Development, held in Moscow. Tim Groser summarized the achievements of the meeting, saying, “Russia has agreed to proceed towards a formal trade agreement with New Zealand, subject to a satisfactory outcome of scoping discussions.”

According to a New Zealand Government statement, a FTA with Russia could be of great benefit to Ne...

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NZ Minister Visits Russia

December 21, 2009 International FinanceNew Zealand Finance

McCully AfghanistanOn December 16-17th, Murray McCully, New Zealand Minister of Foreign Affairs, met with Sergey Lavrov, Minister of Foreign Affairs of the Russian Federation, to discuss bilateral and international issues.

It was noted by the ministers that 2009 marked the 65th anniversary of the establishment of diplomatic relations between the Russian Federation and New Zealand. In a sign of a continued productive relationship it was agreed by both parties to expand potential trade, economic, scientific, cultural and educational opportunities between the nations.

In an agreement on the importance of increasing economic ties between the jurisdictions, both ministers confirmed the importance of strengthening Asia-Pacific regional integration and cooperation on APEC...

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John Key to Attend APEC Summit

November 19, 2008 International FinanceNew Zealand Finance  No comments

Prime Minister John Key is set to attend the APEC meeting in Lima, Per? on the 19th and 20th of November.

The Asia-Pacific Economic Co-operation (APEC) is most likely going to be based around the current economic situation of the world and the possible responses of all countries involved in the meeting. If the recently finished G20 summit is any indication, the economic situation will be the primary talking point.

The meeting is attended by 20 world leaders, and over 3600 delegates. Figures show that the trade between APEC countries accounts for almost half of that in the world and nearly 60 percent of the world’s Gross Domestic Product.

John Key is scheduled to meet the Queen of England, and the British Prime minister after the APEC meeting.

The current APEC countries are Australia,...

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New Bank in New Zealand

September 21, 2008 International FinanceNew Zealand Finance  No comments

The Bank of Baroda (BOB) is opening in New Zealand.

India’s third largest bank, the Bank of Baroda, has announced that they will establish a commercial banking wing in New Zealand, with the initial branch being penned for Auckland. It is understood that the bank aims to function as a subsidiary company. Governance will be held by a mix of both local and overseas directors and that a senior executive has already been appointed to head the Auckland branch.

The now retired chairman and director of the Bank of Baroda, Dr Anil Kumar Khandelwal, said in an interview that the expansion into New Zealand was part of the bank’s “Look East Policy”, which sees it expanding and interacting more with other ASEAN nations...

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