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# Deal of the Day
- URL: https://goodoil.news/deal-of-the-day-2/
- Published: 2025-02-23T17:30:43.000Z
- Updated: 2025-02-23T17:30:42.000Z
- Description: A spokesperson for Foreign Minister Winston Peters said the NZ government noted the agreements. “We will now analyse the contents of these agreements – focusing on the implications they have for NZ, the Cook Islands and the Realm of New Zealand.”
- Author: Good Oil Staff
- Tags: Face of the Day, NZ Politics, China Politics

> The Cook Islands said Saturday it has struck a five-year agreement with China to cooperate in exploring and researching the Pacific nation's seabed mineral riches.  
>  
> A copy of the deal – which is likely to irk close partner and former colonial ruler New Zealand – [showed it covers working together in the “exploration and research of seabed mineral resources”.](https://www.pmoffice.gov.ck/2025/02/21/statement-cook-islands-and-china-formalise-agreements-to-strengthen-partnership-and-cooperation/?ref=goodoil.news) \[...\]  
>  
> New Zealand and its allies including Australia and the United States have been unnerved by China’s growing diplomatic, economic and military influence in the strategically important Pacific.  
>  
> But Brown has insisted his country’s relations with New Zealand and other partners are not affected by the partnership accord he signed with China.  
>  
> The Cook Islands has licensed three companies to explore the seabed for nodules rich in metals such as nickel and cobalt, which are used in electric car batteries.

[Read More](https://www.rnz.co.nz/international/pacific-news/542678/cook-islands-strikes-deal-with-china-on-seabed-minerals?ref=goodoil.news)