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China, New Zealand to upgrade free trade agreement

Free trade is the main theme of Premier Li Keqiang’s visit in New Zealand, and one of the targets of the Premier’s visit is to upgrade the free trade agreement between China and New Zealand.

This visit witnessed many achievements, among which the most prominent is the upcoming negotiation on upgrading the free trade agreement (FTA).

China-New Zealand free trade agreement is the highest-level agreement between China and developed economies, according to the Premier at a press conference with New Zealand Prime Minister Bill English.

The joint efforts to upgrade free trade between the two countries send a clear signal that expanding free trade is the fundamental solution to promote trade balance.

Free trade upgrading will cover many more sectors, such as service, investment, and e-commerce, which will bring more business opportunities and promote bilateral trade to a higher level.

There are signs of trade protectionism and pushing back against globalization in the current world economy.

Premier Li’s visit to New Zealand sends a strong signal to maintain free trade as the world is becoming a community of shared interests in which each member can make a choice.

New Zealand is the first Western developed country to sign a free trade agreement with China.

In the eight years since the implementation of the free trade agreement, bilateral trade almost tripled, with a 13 percent increase each year.

More surprising is that amid a weak global economy, trade between China and New Zealand continued to increase in 2016, with a 3.4 percent growth year on year.

Behind all these developments are the benefits for people in both countries.

In China, people can have more high-quality agricultural products from New Zealand on their tables.

(Updated: Mar 29,2017 9:43 AM     english.gov.cn )