Rt Hon WINSTON PETERS (Minister of Foreign Affairs): Madam Chair, can I just say at the very beginning that COVID-19 has been a significant shock with global ramifications and serious implications for New Zealand's foreign and trade policy. The challenges brought on by COVID fall heavily on small trading nations like New Zealand, as we depend on stability, predictability, and cooperative solutions to global problems. There will be a recovery, and New Zealand's strong fiscal position and balance sheet, our positive brand on the international stage, and our enviably low proportion of COVID-19 cases mean that we can be cautiously optimistic that we can emerge earlier and stronger from this crisis.