The New Zealand International Business Forum today expressed its commitment to to work towards the closest possible relationship between New Zealand and Korea that reflects the strong ties between the two countries and their growing economies.

“In our view Korea needs to be positioned alongside Australia, the United States, Japan, China and the European Union as key economic partners for New Zealand in the 21st century,” Chairman Graeme Harrison told a joint meeting of the Korea New Zealand Business Council in Auckland today

Mr Harrison emphasised the organisation’s support of a formal free trade agreement that he said would encourage growth and development for the citizens of both Korea and New Zealand.

“The Forum is firmly of the view that New Zealand and Korea should commence negotiations towards a free trade agreement,” Mr Harrison stated.  “It will encourage an expansion of trade and investment and provide a framework for our economic relations in the 21st century.”

Today, New Zealand and Korea’s relationship is characterised by shared interests in the peace and security of the Asia Pacific region, expanding trade and investment ties, positive scientific cooperation and strong connections through education and tourism.

The Forum, a new grouping of business leaders committed to defining New Zealand’s international business priorities, believes Korea should be high on New Zealand’s trade agenda.

“It is fundamental that we continue to develop the progress made last December, when Prime Minister Helen Clark and President Roh Moo-Hyun agreed a ‘Partnership for the 21st Century’ between New Zealand and Korea,” said Mr Harrison.  “Korea must be positioned as a key economic partner for the future.  A free trade agreement will ensure this is the case.”

For further information:
Graeme Harrison, Chair, 027 573 7521
Stephen Jacobi, Executive Director 029 472 5502

A copy of Mr Harrison’s speech is available at www.tln.co.nz.

About the NZ International Business Forum
The Forum is a business organisation which aims to generate wealth for New Zealanders by helping ensure that New Zealand enterprises are fully integrated and engaged in the global economy and New Zealand’s global competitive position is maximised.  To enable New Zealand business to exploit new opportunities in international markets, the Forum provides leadership, works with companies and other business organisations to implement key projects and articulates New Zealand’s international business priorities to both the New Zealand Government and stakeholders.