New Zealand Prime Minister Bill English and China Premier Li Keqiang signed off a series of cooperation deals spanning trade, customs, travel and climate change and confirmed commencement of official talks on an upgrade to the nine-year old free-trade agreement between the two countries.
The Chinese premier, who is leading a delegation of senior ministers, government officials and businesspeople, met English at Premier House in Wellington today. At the end of the meeting, English said official talks to upgrade the existing FTA between the nations will start on April 25 with a goal of building on the deal that's seen two-way trade triple to $23 billion since it came into force in 2008.
"The agreement to commence negotiations also confirms the commitment of both countries to open trade and economic growth," English said in a statement. "Trade openness and strong ties in the region are critical to New Zealand's economic growth, prosperity, and job creation."
The meeting also saw 21 other agreements signed, including a six-month trial for 10 local meat processors to sell chilled meat to China for the first time, mutual recognition of trusted exporters to speed up the customs process, a new air services agreement to increase the number of flights between the countries, and the adoption of a climate change action plan.
The trade-focused initiatives signed today will allow: a six-month period for chilled beef, goat and sheep meat into China and provides an export plan for Chinese onions into New Zealand; customs cooperation for trusted exporters to be in place from July this year; an e-commerce arrangement to set high-level principles for more cooperation between the nations; and a memorandum of arrangement to find a way to draw New Zealand into China's Belt and Road regional trade strategy.