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New Zealand to join G20 ministers meet for 1st time
April 17, 2012
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New Zealand to join G20 ministers meet for 1st time
WELLINGTON: New Zealand is to be represented for the first time at a ministerial-level meeting of the G20, when the group of the world's leading and emerging economies meets in Mexico this week, China's Xinhua news agency reported.

Trade Minister Tim Groser said on Tuesday he would attend a meeting of G20 Trade Ministers that would focus on how trade liberalisation could best support economic growth in the context of a rapidly changing global economy.

"It is significant that New Zealand has been invited to participate in this important group and demonstrates the regard in which this country is held in international trade and economic fora," Groser said in a statement.

Ministers would discuss how economies were increasingly interconnected through global value chains, and what this meant for trade and economic policies, he said.

They would also focus on trade as a source of growth and jobs, and explore ways to keep markets open and to achieve further trade liberalisation, which were relevant to the New Zealand government's aim of building a competitive economy, he said.

Nineteen ministers and six deputy ministers from the G20 and invited nations, including Spain, Cambodia, New Zealand and Singapore, are reported to be attending the meeting in the Mexican Pacific resort of Puerto Vallarta from April 18 to 20.

Leaders of the World Trade Organisation and the Organisation for Economic Co-operation and Development are also expected at the meeting.

The meeting will follow the World Economic Forum on Latin America, also in Puerto Vallarta, on April 17 and 18.

+ Wexico

A G20 summit is scheduled to convene in the Pacific resort of Los Cabos, northwest Mexico, in June. -- BERNAMA

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