Bennett David: International Finance Agreements Amendment Bill — Second ReadingText is incorporated into the Bound VolumeBennett David: International Finance Agreements Amendment Bill — Second Reading[Sitting date: 05 November 2015. Volume:709;Page:7767. Text is incorporated into the Bound Volume.]DAVID BENNETT (National—Hamilton East): That last speaker David Cunliffe came to a completely erroneous conclusion as we expect from him. But let us go back to some fundamentals of what happens in this area. There are three development banks that you really have in the Asia-Pacific region: the IMF which the Americans set up; the Asian Development Bank which is the Japanese set-up; and then you have this one which is the Chinese set-up—Hon David Cunliffe: ADB’s Bretton Woods.DAVID BENNETT: What did you say member?Hon David Cunliffe: The ADB was Bretton Woods—American sponsors.DAVID BENNETT: Yes but the Japanese are the main shareholders in it as you would see from your speech if you actually understood what you were saying when you read that quote from somebody in Hong Kong where it said that it was controlled by the Japanese. That is because it is the Japanese equivalent of the IMF. So it would be helpful if that member actually understood what he was reading—but that is another day.The thing is that in the world of trade we are a trading country. And what do you need as a trading country? You need customers. It is often seen through the development of whatever we do in this world that if you can bring other people up in their standard of living that increases the standard of living of your country because there are more people to trade with. Look what happens in Africa. The UN is completely about building trade by building the people’s ability to become middle-class citizens in the world. It is what has happened in Asia. It is what will happen in Africa in the next 50 years and that is the important part of lifting people out of poverty. It gives them the ability to get an education and it gives them the ability to then buy our products and goods and services and that is what we want.These banks are designed to provide infrastructure so that those countries can develop further. I went to the Asian Development Bank meeting this year and at that meeting it was really interesting. They said that a city the size of—basically—Tauranga or Dunedin is being produced in that Asia-Pacific region every week. So every week you get a city that size coming on board with over 100000 people with your standard of living. So that is the reality of what these projects deliver. They deliver the connections through the Asia-Pacific region to enable that to happen and they are consumers. They are consumers who can buy our goods and services. That is the important thing. It lifts those people out of poverty so that they can make the right decisions around the environment. They can make the right decisions around their economy and they can make the right decisions around their personal and human rights.Those are fundamental things that I thought the Labour Party would have stood up and understood—not try to look at the finance of the Asian Infrastructure Investment Bank. The New Zealand First Party will never support this because that party is anti-Asian. It is a party that is against having New Zealand in the world order. It is a party that has demonstrated in this House this week how disgusting and trivial its members are. I would like to thank David Seymour for his time at question time for standing up for members of our party and I would like to apologise to the New Zealand public on behalf of the New Zealand First—The ASSISTANT SPEAKER (Lindsay Tisch): Order! [Interruption] Order! We are not on that debate.DAVID BENNETT: So it is important that we look at this bill because it is creating something that will create more markets for New Zealand products. It is about building that relationship with our region that we live in and this is a good bill.