China and New Zealand to expand free trade agreement
April 3, 2017 Category VIP visits, Weekly
China and New Zealand have decided to expand their nine-year old free trade agreement, which resulted in a tripling of trade between the countries. Talks on the expansion will begin on April 25. Visiting Chinese Premier Li Keqiang praised the deal, saying it was the first that China had signed with a developed nation and remained the most advanced. “This agreement has the potential to be worth hundreds of millions of dollars for our farmers, exporters and the wider economy,” said New Zealand Trade Minister Todd McClay. Other agreements included an increase in the maximum number of direct flights between the countries, a joint climate action plan, and strengthened cooperation on China’s “One Belt, One Road” program.
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