China ready to implement upgraded protocol of FTA with NZ

27 Jun '23

1 min read

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Insights

China is ready to implement the upgraded protocol of its free trade agreement with New Zealand and further strengthen exchanges and cooperation with the Oceania nation in multilateral and regional mechanisms, said the former's minister of commerce Wang Wentao.
He met New Zealand minister for trade and export growth Damien O'Connor in Beijing recently.

China is ready to further balanced trade growth with New Zealand and implement the upgraded protocol of their free trade agreement (FTA), said commerce minister Wang Wentao while meeting New Zealand minister for trade and export growth Damien O'Connor in Beijing.

China is eager to further strengthen exchanges and cooperation with New Zealand under frameworks like the Comprehensive and Progressive Agreement for Trans-Pacific Partnership, the Digital Economy Partnership Agreement, the Asia-Pacific Economic Cooperation, the Regional Comprehensive Economic Partnership and the World Trade Organisation, Wang said.

New Zealand has maintained a long-standing and positive economic and trade cooperation with China. The trade structures of the two countries are highly complementary, and the bilateral free trade agreement has facilitated rapid growth in both export and import activities, O'Connor was quoted as saying by official Chinese media outlets.

New Zealand seeks to enhance communication and coordination with China in multilateral and regional mechanisms, he added.

ALCHEMPro News Desk (DS)

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