INDEPENDENT NEWS

NZIBF Welcomes China FTA Upgrade

Published: Tue 5 Nov 2019 09:20 AM
Media release, 4 November 2019
New Zealand’s trade relationship with China stands to be further enhanced by the upgrade of the Free Trade Agreement (FTA) announced today, says the NZ International Business Forum.
“China is our largest trading partner and the FTA, which is now eleven years old, needed to be brought up to date. We congratulate the two governments and their officials who have worked hard to reach this point” said NZIBF Executive Director Stephen Jacobi.
Mr Jacobi said improved market access for wood products was a positive result, along with new rules for e-commerce and non-tariff barriers, but some challenges remain in the Chinese market, particularly for dairy and meat products.
“The FTA has been a stand-out success in boosting trade and investment between the two countries. Inevitably further gains are harder to achieve, but as this upgrade shows the FTA remains a vital framework for continuing to expand the relationship particularly at a time when protectionism is on the rise around the world”.
About NZIBF (www.tradeworks.org.nz)
NZIBF is a business organisation which aims to generate wealth for New Zealanders by helping ensure that New Zealand enterprises are fully integrated and engaged in the global economy and New Zealand’s global competitive position is maximised.
ends

Next in Business, Science, and Tech

COVID-19 Sees Record 12.2 Percent Fall In New Zealand’s Economy
By: Statistics New Zealand
Scientists Release ‘Blueprint’ To Save Critical Ecosystems And Stabilize The Earth’s Climate
By: Joint Press Release
Independent Review Launched Into Assurances For Safe Transport Of Livestock By Sea
By: Ministry For Primary Industries
New Zealand PC Market Grows Nearly 40% Due To Work From Home Demand
By: IDC New Zealand Ltd
Whale-watching By Satellite – Follow Their Travels Online
By: University of Auckland
Kiwibank Admits System Failures And Agrees To Pay Customers $5.2 Million
By: Commerce Commission
Public Transport Distancing Requirements Relaxed
By: Ministry of Health
New Zealand Hemp Industry Set To Generate $2 Billion Per Annum And Create 20,000 Jobs
By: New Zealand Hemp Industries Association Inc
One In 14 Employed People Report High Risk Of Losing Jobs
By: Statistics New Zealand
ASB Quarterly Economic Forecast Shows NZ Economy Doing Better Than Expected, But Challenges Remain
By: ASB
Successful Bridge Repair Opens Two Additional Lanes To Traffic
By: New Zealand Transport Agency
Engineers Assess Damage To Auckland Harbour Bridge After Truck Strike
By: NZ Transport Agency
Motorists Urged To Avoid Damaged Auckland Harbour Bridge
By: NZ Transport Agency
Harbour Bridge: Public Transport A Great Option And Plan Ahead
By: Auckland Transport
Second Harbour Crossing Needed Now, More Than Ever
By: New Zealand National Party
View as: DESKTOP | MOBILE © Scoop Media