Until last Friday. that policy remained In place. Fortunately. the flap over ship visits did not disrupt our overall bilateral relations. After all. the ties that bind our two peoples remain strong: a common heritage rooted In democratic institutions and frontier Immigrant traditions. as well as our allied status in every principal engagement of the century. We cooperate on an Impressive panoply of Issues. ranging from the crucial world trade talks to human rights to environmental protection and Antarctic research. And our economic ties continue to deepen. with twoway trade rising to about $2.7 billion and the United States becoming New Zealands second largest direct foreign Investor.
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