PF Olsen Signs MOU in the Presence of Chinese President Xi Jinping and NZ Prime Minister John Key

PF Olsen had the honour to be involved in the recent visit of Chinese President XiJinping to New Zealand. PF Olsen's involvement was two-fold. In one capacity, Peter Clark (PF Olsen's CEO) attended a NZ China Council meeting with President Xi, followed by a gala lunch in Auckland on Friday 21st November in his capacity as a member of the NZ China Business Council. The day before in Wellington, Peter executed a Memorandum of Understanding (MOU) with the China National Corporation and the China Development Bank. The MOU establishes a basis for cooperation for Chinese investment in forestry and for greater access to the vast China market.

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"China is a critically important market for New Zealand forest owners", Peter points out. "This MOU will assist with PF Olsen's strategy to gain better access to the China market in the provision of forest products and forestry services. This could eventually lead to encouragement of investment in domestic processing of New Zealand Radiata pine logs into higher value wood products sought after by the Chinese."

Two weeks later, PF Olsen was privileged to host Zhang Yi (Chairman of the State-owned-Assets Supervision and Administration Commission of the State Council – the SASAC) and his delegation. The SASAC is a powerful government department, effectively overseeing the activities of the vast number of state-owned-enterprises in China.