A typical view of an Australian flag is seen outside the Great Hall of the People on 9 April 2013 in Beijing, China.
Feng Li | Getty Images
SINGAPORE – Nationalism is not the way to go in diplomatic relations, New Zealand’s trade minister told CNBC that he called for more multilateral trade and relations around the world.
In fact, the world needs to build its “overall security” – especially during the Kovid-19 epidemic, Damien O’Connor on Wednesday called “Squatch Box Asia” part of CNBC’s coverage of the Davos Agenda of the World Economic Forum Told as
O’Connor, who is also the country’s Minister of Agriculture, said, “Nationalism is not the way forward – we hope to build multilateral trade and diplomatic relations around the world and play our part.”
Over the years, protectionism and nationalism have taken a front seat, as some countries in the US and Europe focus primarily on their domestic economies and issues, sometimes at the expense of cooperation and cooperation with others .
Experts have termed tense relations between the US and China as the new “Cold War”, as tensions in technology and other areas are increasing from the business front.
He also warns that the coronovirus epidemic will trigger more protectionist policies among countries, as they seek to limit the economic losses of the virus.
On Tuesday, New Zealand signed a trade deal with China, giving kiwi exports greater access to the Asian economic giant. The deal also paved the way for many New Zealand goods to be either removed or reduced, ranging from dairy and seafood to wood.
Offer to mediate
The deal comes at a time when China is still embroiled in tense trade tensions with countries such as Australia and the US
On his time, O’Connor noted: “It sends a clear signal to the world that China, and of course, back trade agreements that are strong … which are supported by good laws.”
Relations between China and Australia have soured since last year when Canberra supported an international investigation by China to deal with the coronovirus epidemic. As a result, Beijing has for months targeted a growing list of imported products from Down Under – imposing tariffs on wine and barley, and suspending beef imports.
New Zealand has offered to conduct an arbitration between the two countries, saying that this year’s Asia Pacific Economic Cooperation (APEC) summit could be an opportunity for New Zealand to bring both sides to the table.
On New Zealand’s offer of arbitration, O’Connor said: “We have a mature … relationship with China, and we have always been able to raise issues of concern.”
“I can’t speak for Australia and the way it drives their diplomatic relations but clearly if they were to follow us and … speak … (with) a little more from time to time. Be cautious with diplomacy, and words … Hopefully (they) can be in a similar situation, “he said
Meanwhile, Australian Treasurer Josh Friedenberg told CNBC on Monday that he would continue to advocate his national interests, but would like to see an improvement in strained relations with China.