27 Jan 2012

PM and ministers head to Australia for talks

6:21 am on 27 January 2012

Prime Minister John Key and several of his ministers fly to Melbourne on Friday for joint talks with their Australian counterparts, as economic turmoil in Europe threatens the trans-Tasman economic recovery.

Mr Key says the ministers will hold a joint Cabinet meeting on Sunday and top of the agenda will be discussions about how the two countries can manage the economic threat.

This will be the second joint Cabinet meeting and is a reflection of the increasing closeness between the two countries.

Finance Minister Bill English, who will also hold talks with Australian Treasurer Wayne Swan, says close economic integration with Australia is helping New Zealand through tough economic times.

Mr English says ministers will talk about how the two countries can respond to the economic turbulence, and continuing efforts to harmonise the two economies is part of that.