New Zealand China Trade Agreement

In early November 2019, New Zealand and China agreed to strengthen their free trade agreement. The new provisions included facilitating exports to China, improving China`s commitment to environmental standards, and New Zealand`s preferential access to timber and paper trade with China. In exchange, New Zealand will relax visa restrictions for Chinese travel guides and Chinese language teachers. [17] [18] On 7 April 2008, New Zealand and China signed a bilateral comprehensive free trade agreement. It was the first bilateral free trade agreement signed by Beijing with a so-called developed country. It came into force on October 1, 2008. The free trade agreement between New Zealand and China lasted more than three years. On 19 November 2004, Helen Clark and the President of the People`s Republic of China, Hu Jintao, announced negotiations for a free trade agreement at the APEC Heads of State and Government Meeting in Santiago, Chile. The first round of negotiations took place in December 2004. Fifteen rounds took place before the signing of the free trade agreement in April 2008 by New Zealand Trade Minister Phil Goff and Chinese Trade Minister Chen Deming in the Great Hall of the People`s Hall in Beijing. [2] [6] After beginning to investigate Yang`s background in 2016, New Zealand`s secret services were removed from parliamentary committees on foreign affairs, defence and trade.

But he clung to his seat in Parliament and asked some why. “This ensures that our improved free trade agreement remains the best china has with each country,” Prime Minister Jacinda Ardern said in a statement released after her bilateral meeting with Chinese Premier Li Keqiang at the East Asia Summit in Thailand. While the free trade agreement has the support of New Zealand`s two main political parties, Labour and National, the Greens and the Maori party rejected the agreement even before it was signed. [11] [12] Green Party members protested against the signing of the agreement, Keith Locke said that easier access to cheap Chinese labour could undermine New Zealand workers. [13] After the signing, New Zealand First announced that it was opposed to the agreement. [14] Public opinion is divided; A week before the signing, the survey showed that 45% supported the agreement, compared to 32% who opposed it. [15] New Zealand was the first developed country to sign a free trade agreement with China in 2008. It has been working with Beijing for three years to improve the agreement. The upgrade also ensures Beijing`s commitment to promoting environmental protection and ensuring that environmental standards are not used for trade protectionism, the statement continued. On 7 April 2008, Chinese Prime Minister Wen Jiabao and New Zealand Prime Minister Helen Clark attended the signing in Beijing of the China-New Zealand Free Trade Agreement, which came into force on 1 October 2008.

The agreement, which covers areas such as trade in goods, trade in services and investment, is the first comprehensive free trade agreement ever signed by China, as well as The first free trade agreement signed by China with a developed country. The agreement was welcomed by a number of New Zealand exporters, including the Fonterra Dairy Cooperative and the New Zealand Seafood Industry Council, while others, such as device maker Fisher-Paykel, said the deal would lead to stiffer competition with cheaper Chinese products. [7] [9] The New Zealand Council of Trade Unions opposed the inclusion of labour in the trade agreement and stated that there was potential for a skilled Chinese workforce to be exploited and underpaid. [10] The New Zealand-Malaysia Free Trade Agreement (MNZFTA) was signed on 26 October 2009 in Kuala Lumpur and came into force on 1 August 2010. Malaysia is also a party to the ASEAN-Australia Free Trade Agreement (AANZFTA). Distributors should consider the agreement that is most beneficial to their imported/exported products.

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