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Key Holds Talks With US Treasury Secretary

Fuseworks Media
Fuseworks Media
John Key
John Key

Wellington, Nov 13 NZPA - Prime Minister John Key has held an hour-long meeting with United States Treasury secretary Timothy Geithner at the Apec leaders summit in Singapore.

Mr Key said their talks ranged over trade, climate change, banking regulation and the US economy, the Dominion Post reported.

Mr Key said Mr Geithner had expressed concern about unemployment in the US, which was already at 10.2 percent, and he had indicated it could go higher.

New Zealand's views on free trade were discussed.

Finance Minister Bill English is also attending the 21-nation summit, and told NZPA yesterday the US would be very cautious towards attempts by Pacific rim nations to liberalise trade in the region.

"The US clearly has a number of problems to work through domestically yet," he said.

"They are cautious about progress on becoming part of the liberalisation of trade or any more trade agreements, but you get the sense that other Apec countries are going to push ahead anyway."

Mr English said New Zealand was committed to supporting open trade and investment to advance Asia-Pacific and global prosperity and growth, and would "actively resist" protectionist measures.

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