New Zealand said on Monday it has concluded a deal to upgrade its free trade agr...
WELLINGTON - New Zealand said on Monday it has concluded a deal to upgrade its free trade agreement with China which has been under negotiations for years.
The upgraded agreement will make exporting to China easier and reduce compliance costs for New Zealand exports by millions of dollars each year, the trade ministry said in a statement. “This ensures our upgraded free trade agreement will remain the best that China has with any country,” Prime Minister Jacinda Ardern said in the statement issued after her bilateral meeting with China’s Premier, Li Keqiang, in Thailand at the East Asia Summit.
New Zealand was the first developed country to sign a free trade agreement with China in 2008. It has been working with Beijing to upgrade the agreement for the last three years.
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