Chinese Foreign Minister Wang Yi urged on Thursday [9 February 2017] that China and New Zealand should start talks on upgrading their free trade agreement (FTA). The minister made the comment during his meeting with New Zealand Prime Minister Bill English in Beijing…Full Article: The Global Times Feb 2017

Key Point

  • Chinese Foreign Minister expressed interest in New Zealand joining China’s “One Belt, One Road” initiative.

ChinaAg Comments

  • In November 2016, China’s Certification and Accreditation Administration (CNCA) and New Zealand’s Ministry of Primary Industries signed an agreement recognizing each other’s certifications for organic food imports.
  • In September 2016, New Zealand’s Minister for Land Information and Associate Minister for Finance issued their approval of Shanghai Maling’s 50% acquisition of Silver Fern Farms.
  • In the autumn of 2013, Chinese President Xi Jinping launched The Silk Road Economic Belt and the 21st-century Maritime Silk Road, a strategic initiative to boost the economic development and trade of countries lying along the South China Sea, Bay of Bengal, Arabian Sea, Indian Ocean, and Red Sea, as well as overland in Central Asia and Europe.
  • In 2008, China and New Zealand signed a FTA that set in place the removal of tariffs on 96% of New Zealand exports. This removal has been staggered over time, with certain agricultural exports being tariff free by 2012-2013 (infant formula, wine, apples, etc.), 2016 (edible offal, oranges, beef, etc.), 2017 (butter, cheese, liquid milk), and 2019 (whole/skim powdered milk). New Zealander wheat, sugar, and rice will not have receive reduced tariffs.

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