New Zealand Restores Financial Aid to Cook Islands After Signing New Pacific Security Agreement

New Zealand and the Cook Islands have signed a security declaration to end a diplomatic dispute triggered by the island nation's previous secret agreements with China.The pact restores 29.8 million New Zealand dollars in annual financial aid to the Cook Islands while establishing Wellington as the preferred partner for regional defense.Prime Minister Mark Brown agreed to the terms after Foreign Minister Winston Peters expressed concerns over lack of transparency regarding Chinese infrastructure projects.
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