New Zealand and China upgrade free trade agreement

A Radio NZ article.

The New Zealand and Chinese governments have signed an upgrade to the free trade agreement between the two countries.

Minister for trade and export growth Damien O’Connor just signed the upgrade in a virtual ceremony with China’s minister of commerce, Wang Wentao.

In a statement, O’Connor said the upgrade brings the agreement up to date for at least another 10 years.

“This upgraded agreement comes at a time of considerable global economic disruption due to Covid-19. The upgraded free trade agreement is part of the government’s Trade Recovery Strategy, in response to the economic shock of Covid-19.

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