Upgrades to the FTA agreement between New Zealand and China have recently been discussed during the short visit by the prime minister to China, among other discussions regarding the belt and road initiative proposed to integrate the eccomerce trade between the pacific and international countries promoting integrated connection in not only infrastructure developments but financial cooperation and international trade and cooperation with policies. Established in 2013, New Zealand became involved in 2015 to undertake assessment for the New Zealand economy.
New Zealand places a high priority in the relationship with China, and continues to see the relationship flourish to incorporate a benefit for both countries. 2018 Trade Statistics by New Zealand government calculates a total importer trade to New Zealand for 11.9 billion dollars, with exports to China at 15.3 billion dollars including items of dairy, wood products and meat. Tourism to New Zealand is second highest from Australia with 400,000 visitors in 2016, and international linkage between China and New Zealand is 80 flights per week.
With the nature of demand changing and shifting throughout the economy, businesses would like to have more channels in the entire process of exports, one that would highlight in the trade rules & regulations, with the environmental being a key aspect for China the talks could benefit for both an ease on China’s natural environment whilst increasing the economic support for the New Zealand.
APR2019 – Mars Realty