MEDIA RELEASE - Cook Islands and China strengthen Economic and Technical Cooperation- Rarotonga 21 February 2025
- Leanna Kairua
- Feb 21, 2025
- 1 min read
The Governments of the Cook Islands and the People’s Republic of China have reaffirmed their commitment to economic development and technical support through the signing of an Economic and Technical Cooperation Agreement in Harbin on 14 February 2025. As part of the agreement, China has committed a grant of RMB ¥20,000,000 (approx. NZD $4,600,000) to fund projects that will be agreed upon by both governments, with final approvals given once details are confirmed. The agreement will remain in place until the projects are completed.
The agreement also outlines funding administration measures to ensure transparency and accountability between both governments, and potential projects will align with the Action Plan 2025-2030 for the Comprehensive Strategic Partnership (CPR) and will be managed initially by the Ministry of Finance and Economic Management (MFEM). Key focus areas include trade, infrastructure, agriculture, climate change, maritime safety, disaster management, education, and health.
The Cook Islands values its longstanding partnership with China and welcomes this continued collaboration to support sustainable economic growth and national resilience.
For enquires related to this release, please email: mfem.comms@cookislands.gov.ck
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