New Zealand recently joined as a founding member (subject to a successful Parliamentary/Treaty making process) of the new US$100 billion Asian Infrastructure Investment Bank (AIIB), which aims to leverage investment in infrastructure development in the Asia/Pacific region.
As an early joiner, New Zealand actively participated in negotiations establishing the Bank. Our decision to join the AIIB along with 49 other countries reflects the reality that increased infrastructure investment – driving economic growth in Asia – is ultimately in New Zealand’s economic interests, and potentially opens up commercial opportunities for New Zealand companies in the region. The AIIB is due to begin operation in early 2016.
MFAT and The Treasury have prepared an information note for New Zealand exporters. Click here for more information.
