Bennett David: International Finance Agreements Amendment Bill — Third ReadingText is incorporated into the Bound VolumeBennett David: International Finance Agreements Amendment Bill — Third Reading[Sitting date: 12 November 2015. Volume:710;Page:7985. Text is incorporated into the Bound Volume.]DAVID BENNETT (National—Hamilton East): I do not think there was anything in that last speech from David Shearer that you would have any contrary views to. I think the last speaker summed it up pretty well and made some very good points around what this bank is about. I would like to thank the Labour Party for its support of this bill. It is being rational and reasonable and looking at it from a New Zealand perspective and I think that is good to see.We all know what this is about. The speakers have all talked about it. There are basically three infrastructure banks that are operating in this part of the world: the Asian Development Bank which is the Japanese bank; this bank which is the Chinese bank; and the American bank which is the World Bank. Basically they have a role in providing infrastructure for our region. There are two crucial parts of that infrastructure development that are important. The last speaker mentioned them considerably in regard to the Asian economies the big economies of Asia that basically are adding a city the size of Tauranga with that standard of living every week into those communities. That is a market that is expanding quite considerably and they need infrastructure for those communities. So these three banks and especially this bank will provide in that area.The other area that has not been touched on by speakers is the Pacific itself. The Pacific Islands are probably our main area of interest. When we are engaged with these kinds of banks we push the Pacific. It is easy for the Asian Development Bank and for this bank to forget about the Pacific when that is actually where we want that infrastructure to be spent as well. Our Pacific Island neighbours are our closest neighbours and along with the Australians we would have to provide that infrastructure if they do not have sources of capital. These banks are vital for the Pacific Islands. They provide a lot of capital for projects on those islands and that is something that we need to keep on pushing so that it has not only one tier—which is the development of those major Asian cities that will provide economic consumers for us—but also there is the development of our Pacific Island neighbours who are important for us as a country going forward as we have a special relationship there in the sense of that economic development.We know that some other parties will not support this bill. It is disappointing that New Zealand First will not support it. That is on the grounds that we can assume for New Zealand First would be the normal grounds; they would not support something like this. The disappointing one is the Greens not supporting this bill. To grow the Asian communities and to get economic growth through there actually means that those communities have got the best potential to have the best environmental outcomes for their communities. It is disappointing the Green Party will not allow or support the development of Asia so that it can achieve good environmental outcomes for their people. I think that is a very short-sighted approach from the Green Party. We will get a whole lot of arguments from the Green speaker which will not make any sense trying to confirm its position.It is good to see the Labour Party is supporting the bill. We look forward to this bill passing through the House. It is a good bill for New Zealand and for our regions.