NZ Trade Minister O’Conner: APEC members reject protectionism

Market news

9 November 2021

NZ Trade Minister O’Conner: APEC members reject protectionism

New Zealand (NZ) Trade Minister Damien O'Connor crossed wires via Reuters during early Wednesday morning in Asia, speaking over the matters relating to the Asia-Pacific Economic Cooperation (APEC) and Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP).

Also joining the NZ Trade Minister O'Connor was New Zealand Foreign Minister Nanaia Mahuta who said, per Reuters, "No consensus yet on US offer to host apec 2023."

Key quotes

APEC Ministers reiterated strong stance against vaccine nationalism.

APEC members reject protectionism.

Welcome all applicants (On Taiwan's application to CPTPP).

FX reaction

NZD/USD pays a little heed to the news, staying pressured around 0.7130 by the press time.

Read: NZD/USD bears waiting to pounce, 0.7080 eyed

Australia: Westpac Consumer Confidence, November 105.3

Japan: Eco Watchers Survey: Outlook, October 57.5

Market Focus

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