Benefits And Cost Of Nz-China Free Trade Agreement

Posted on Sunday, September 12th, 2021 at 7:37 pm

READ MORE: * John Keys travels to China begins with warning; Don`t mention the South China Sea * Government studies non-tariff barriers, as forestry accuses China of not playing fairly in a free trade agreement * A free trade agreement between New Zealand and the European Union would be good for business * New Zealand signs a free trade agreement with South Korea * New Zealand ties hands to foreign home buyers under korea FTA ” New Zealand merchandise exports to China have linked since the signing and quadrupled the entry into force of the free trade agreement in 2008. China is now New Zealand`s largest trading partner with two-lane trade worth more than $28 billion in 2018. China is also New Zealand`s second largest and fastest tourism market, the largest source of international students and an important source of foreign investment. The agreement also provides additional transparency on the treatment of forest products under proactive commitments under the existing free trade agreement. According to Statistics New Zealand and the Department of Foreign Affairs and Trade (AMFAT), total merchandise trade between New Zealand and China doubled between 2009 and 2014 to $20 billion. It is important to start by saying that the problems are not caused by China, but by an ideological commitment within New Zealand to prioritise the free trade agreement over other aspects of national welfare. Especially in the case of the housing bubble, the root of the problem was the inability of the New Zealand government to look after the interests of New Zealanders and the speculative returns of anyone who could afford to buy New Zealand homes. I have sometimes used conclusions about effects where it seems reasonable, but where I have not been able to find articles to support ideas. In addition, the format of the Chinese Free Trade Agreement is very different from that of the TPPA, but subsequent trade agreements in the form of the TPPA, for example, with Korea, have extended the provisions of the Sino-New Zealand agreement in a way that was not foreseen ten years ago.

New chapters have been added on e-commerce, environment and trade, competition policy and government procurement, reflecting the progress made in regulation and business practices over the past decade. These chapters offer ways to strengthen cooperation in these areas. . . .

Responses are currently closed, but you can trackback from your own site.

Comments are closed.