New Zealand on Monday [27 March 2017] inked a cooperation agreement on the Belt and Road Initiative with China, becoming the first among Western developed countries. Visiting Chinese Premier Li Keqiang and his New Zealand counterpart, Bill English, witnessed the signing of the memorandum of understanding, which adds to the long list of ground-breaking achievements the two countries have scored in bilateral cooperation…Full Article: ECNS.cn Mar 2017
- In February 2017, China’s Foreign Minister endorsed New Zealand’s joining of his country’s “One Belt, One Road” initiative.
- In November 2016, the First Vice Speaker of the Ukrainian Parliament endorsed Ukraine becoming a member of China’s Silk Road project. During the same month, 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 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.
Hong Kong Trends