logo
Prime Minister Christopher Luxon speaks to media in Papua New Guinea

Prime Minister Christopher Luxon speaks to media in Papua New Guinea

RNZ News2 days ago
Prime Minister Christopher Luxon is speaking to media during a visit to Papua New Guinea.
Luxon was
warmly welcomed by Papua New Guinea's prime minister James Marape
during his visit to celebrate 50 years of diplomatic ties.
Marape thanked New Zealand for its support, as one of the eight countries to diplomatically support Papua New Guinea - a former Australian territory - before it declared independence.
Luxon in turn talked of Papua New Guinea's great potential for growth, saying while Australia and New Zealand would both continue to support that growth it would be driven by businesses and community leveraging "great cultural and resource wealth".
Papua New Guinea's economy is forecast to grow 4.7 percent in 2025, and trade with New Zealand has grown to more than $70 million by value in the March quarter, with aluminium the top export to the country.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

NZ wine industry under pressure
NZ wine industry under pressure

RNZ News

time23 minutes ago

  • RNZ News

NZ wine industry under pressure

The New Zealand wine industry is among those that could be hard hit by the 15% US tariffs, particularly the sauvignon blanc producing region of Marlborough. Wine labelled from Marlborough represents around 90 per cent of exports, and the United States is this country's largest export market. The tariff challenge comes on top of falling global demand for wine. The 2023/24 report from the national organisation, New Zealand Winegrowers, said the year had been marked by flat or declining sales and high inventory levels. New Zealand's chief trade negotiator Vangelis Vitalis has been sent to Washington to plead New Zealand's case for lower tariffs. Susie is joined by Westpac economist, Paul Clark who specialises in the wine sector. To embed this content on your own webpage, cut and paste the following: See terms of use.

Trump's relentless tariff strategy finally crashes into delicate geopolitical reality
Trump's relentless tariff strategy finally crashes into delicate geopolitical reality

RNZ News

time2 hours ago

  • RNZ News

Trump's relentless tariff strategy finally crashes into delicate geopolitical reality

By Phil Mattingley , CNN US President Donald Trump delivers remarks on reciprocal tariffs during an event in the Rose Garden at the White House in Washington, DC, on April 2, 2025. Photo: AFP / Brendan Smialowski Analysis : President Donald Trump's relentless use of tariffs to coerce foreign counterparts into favourable deals is about to run headlong into the limits of geopolitical reality. Trump's willingness to dramatically escalate the long-running US economic warfare in response to Russia's war on Ukraine is real, advisors say. His threat to accelerate sweeping tariffs on India is certain to come to fruition, they insist. But he also faces the backdrop of a looming deadline to extend a trade truce with the world's second-largest economy that requires a degree of caution as White House deliberations come to a head. "He's pissed," one person close to Trump said of his rapidly deteriorating view of Russian President Vladimir Putin in recent weeks. "But he's also aware of the competing priorities here." Trump faces a unique challenge balancing all of his simultaneous demands: He is threatening punishing sanctions on the Russian energy production that serves as the financial linchpin of Putin's war machine at the same moment he is seeking leverage in trade talks with India while maintaining a fragile trade détente with China. The convergence of conflicting priorities has driven intensive discussions inside the West Wing about the range and scope of the options Trump could trigger as soon as today - and put a significant amount of weight on the meeting between Putin and Steve Witkoff, his trusted foreign envoy , underway in Moscow. Trump has threatened sweeping secondary sanctions on Russian energy that would primarily hit China and India, the two largest purchasers of Russian energy . But he's also considering more tailored options, including sanctions that target specific tankers - known inside the government as the "shadow fleet" - that are utilised to skirt the existing Western sanctions regime in the transport of Russian oil, two US officials with the knowledge of the matter said. Russia's President Vladimir Putin Photo: AFP The Biden administration's evolving sanctions actions found success in blacklisting the vessels critical to Putin's sanctions evasion efforts. Secondary sanctions tailored specifically to India in some form have also been discussed, the officials said. Trump feels empowered to trigger those secondary sanctions that were long weighed by his predecessor, but never deployed due to soaring inflation and concerns about a significant increase in domestic gas prices. That is a problem Trump simply doesn't have right now, as waning global demand and a steady increase in output by the Organisation of Petroleum Exporting Countries and their allies have mitigated the concern about the energy price spikes that bedevilled the Biden administration. For the Trump administration, that has created leverage as frustration with Putin's refusal to come to the table has dashed Trump's envisioned quick end to the three-plus year conflict. Those dynamics also played directly into the recent breakdown in long running and intense trade negotiations between the US and India, advisors say. While there is obvious overlap between Trump's escalating threats targeting Russia and his explicit warnings about India's energy purchases , the dispute with the world's fifth-largest economy is specific to the trade talks, the officials say. "We consider a wide range of options, but this is a situation more of convenient coincidence than overarching strategic long-game," one of the officials said. Donald Trump and India's Prime Minister Narendra Modi has soured compared with this warm embrace in February 2020. Photo: Mandel Ngan / AFP Trump has acknowledged as much. "The sticking point with India is that tariffs are too high," Trump said in an interview on Tuesday with CNBC. Peter Navarro, Trump's senior counselor for trade and manufacturing, has called India as "the Maharaja of tariffs," underscoring a long-running view that India's expansive protection of its domestic markets has been a significant frustration for Trump and his trade team. As the clock ticked toward Trump's 1 August "reciprocal" tariff deadline and foreign partners offered significant concessions on US market access, India was a notable exception, officials said. "The president wanted deals that substantially opened markets - everything or near everything," a senior administration official said. "They were interested in opening some of their markets, but not nearly ambitious enough to meet the president's view of what would constitute a good deal." So while India's purchases of Russian energy and Russian military equipment was well known on the periphery, Trump elevated those friction points to the forefront as he sought to pressure Indian negotiators, the official said. Any large-scale effort to trigger secondary sanctions, however, would crash directly into the delicate maintenance of US-China trade talks which have seen both countries utilise economic statecraft, sanctions and export controls to exert or ease pressure on the bilateral relationship over the course of months. Treasury Secretary Scott Bessent warned his Chinese counterparts directly, during the third round of face-to-face talks last week, that Trump was serious about secondary sanctions and it was something Chinese officials needed to prepare for in the weeks ahead. Treasury Secretary Scott Bessent at the White House. Photo: MANDEL NGAN/AFP But as US and Chinese officials have quietly continued discussions over the technical details of an agreement to extend their existing trade truce, the concern about the impact secondary sanctions would have on those dynamics has been a factor inside the administration, officials say. Trump has yet to officially sign off on an extension, even as his top advisors made clear it was only a matter of time before Trump blesses it. For Trump, who has operated throughout his second term in a perpetual state of running deadlines, that clock is ticking concurrently with his deadline for Putin. The decision on the latter now weighs heavily on the status of the former. -CNN

First portion of social investment funding to prioritise children
First portion of social investment funding to prioritise children

RNZ News

time3 hours ago

  • RNZ News

First portion of social investment funding to prioritise children

Photo: RNZ The Social Investment Agency will prioritise social services working with children of families with complex needs for its first round of funding. In May, the government announced the $190 million Social Investment Fund , as part of this year's Budget. Former police commissioner Andrew Coster heads the agency. Photo: RNZ / Samuel Rillstone The fund is governed by the Social Investment Agency, led by former police commissioner Andrew Coster. Applications for the first round of funding will open on 25 August. To qualify, organisations need to be working with one, or more of, the following: "We know children who have had these experiences are more likely to experience poor outcomes and require significant social support throughout their lives," Coster said. Three initiatives have already been supported by the fund, including an Autism NZ early screening and intervention scheme, an Emerge Aotearoa youth offending programme, and a Te Tihi o Ruahine wraparound support initiative for families in need. The fund is expected to invest in at least 20 initiatives in its first year.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store