Key facts
- New Zealand's biggest foreign policy risk is misreacting to international circumstances, according to Foreign Minister Winston Peters.
- Peters warned that rhetorical gestures may lead to economic losses for New Zealand.
- New Zealand backs a two-state solution for the Israeli-Palestinian conflict.
- Peters stated that New Zealand must continue to spend money on its military and develop new technologies.
- New Zealand's growing space industry has increased its strategic relevance to larger allies like the United States.
- Peters welcomed renewed U.S. engagement in the Pacific.
WELLINGTON, Sept 22 (Reuters) - New Zealand's greatest foreign policy peril lies in poorly responding to global crises, potentially incurring significant economic consequences for the small, trade-reliant nation, stated Foreign Minister Winston Peters on Tuesday.
Peters, currently serving his third term as foreign minister, highlighted that New Zealand lacks the economic leverage to withstand the costs of diplomatic conflicts. He has characterized the current geostrategic climate as the most severe since World War Two.
