NIUE: NEW ZEALAND WILLING TO HELP DEVELOPMENT

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WELLINGTON, New Zealand (RNZI, June 25) - Niue’s Finance
Minister, Toke Talagi, said New Zealand appears willing to provide a mix of
expertise and financial assistance to the tiny island.

Talagi, who met with Associate Foreign Minister Marian Hobbs and
Economic Development Minister Jim Anderton, said Niue offerd proposals for
investments in tourism, long line fishing and the cultivation of vanilla.

"One of the things that I've found as Minister of Finance
is the fact that I can't borrow money or get money for investment purposes in
those particular areas that we would like to invest in," Talagi said.
"So we basically come to New Zealand and say, well, if we can't borrow then
can you lend us the money, give us the money, so that we can do that? The
assistance that New Zealand is going to provide is going to be accommodation of
expertise and some financial assistance."

Talagi would not put a figure on the financial assistance that
Niue would like.

He said he and the Premier, Young Vivian, are continuing
discussions and are visiting Napier to further proposals for a long line fishing
joint venture.

June 26, 2003

Radio New Zealand International: http://www.rnzi.com/ 

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