Trade Agreement Nz China

NZ also has bilateral trade agreements with Malaysia, Australia and Thailand. Distributors should consider the agreement that is most beneficial to their imported/exported products. The New Zealand-China Free Trade Agreement is a bilateral free trade agreement signed in April 2008 between the People`s Republic of China and New Zealand. It is China`s first free trade agreement with a developed country and New Zealand`s largest trade agreement since the 1983 agreement establishing closer economic relations with Australia. [1] The New Zealand-China Free Trade Agreement was signed in Beijing on April 7, 2008, after negotiations continued over 15 years. It came into force on 1 October 2008, after ratification by the New Zealand Parliament. The provisions of the agreement are expected to be phased in gradually over a 12-year period and fully into force in 2019. The New Zealand Free Trade Agreement (NZCFTA) came into force on 1 October 2008. NZ was the first OECD country to sign a comprehensive free trade agreement with China. 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] Singapore is also a party to the ASEAN-Australia Free Trade Agreement (AANZFTA), the Trans-Pacific Strategic Economic Partnership (P4) and the Comprehensive and Progressive Trans-Pacific Partnership (CPTPP). The rules of origin of the new ANZSCEP protocol contain the largest number of provisions facilitating trade in these agreements and incorporate them into the new CSR timetable as part of the protocol. Sam McIvor, managing director of Beef and Lamb, said this would help deepen cooperation and strengthen trade in the region. 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] 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 United States lacks both the RCEP and the successor of former U.S. President Barack Obama, led by the Trans-Pacific Partnership (TPP), which places the world`s largest economy in two trade groups that make up the world`s fastest growing region. The Ministry of Foreign Affairs and Trade said RCEP remains a potential trade changer in the Asia-Pacific region.