china and new zealand agree to boost alreadyclose trade ties
Last Updated : GMT 09:07:40
Egypt Today, egypt today
Egypt Today, egypt today
Last Updated : GMT 09:07:40
Egypt Today, egypt today

China and New Zealand agree to boost already-close trade ties

Egypt Today, egypt today

Egypt Today, egypt today China and New Zealand agree to boost already-close trade ties

Li Keqiang and his wife
Wellington - Arab Today

China and New Zealand ramped up their cooperation on Monday, pledging to expand their existing free trade agreement into what visiting Premier Li Keqiang called China's "most advanced" with a developed country.

The two governments also promised to work together on a Chinese trade and business expansion strategy that Beijing calls "One Belt, One Road". 

In Wellington, Li signed nine pacts with New Zealand Prime Minister Bill English, who said talks to upgrade their free trade agreement (FTA) — in effect since 2008 — would begin on April 25.

The upgrade would produce an arrangement of the "most advanced level" between the nations and "the first of its kind between China and a developed country", Li said.

In a column published on Monday in the New Zealand Herald, headlined "To New Zealand, with love", Li wrote that rising international instability and uncertainty "have made it all the more important for China and New Zealand to work together to turn challenges into opportunities".

New Zealand depends heavily on exports, and Li's remarks echoed those by English and New Zealand central bank governor, Graeme Wheeler, who have warned that possible disruptions of global trade is the biggest threat to prosperity.

'One Belt' summit

English said Paul Goldsmith, New Zealand's regulatory reform and innovation minister, would attend a "One Belt, One Road" summit in Beijing in May.

New Zealand was the first Western country to sign an FTA with China and the first to join the China-initiated Asian Infrastructure Investment Bank (AIIB) after which it helped usher in the United Kingdom and Australia.

China is the New Zealand's second biggest trade partner, after Australia, which Li visited last week.

Despite agreements on areas from e-commerce to chilled goat exports, thornier issues emerged during Li's talks with English.

They discussed the South China Sea and English acknowledged the topic was "sensitive", though he said he did not think it would affect the rest of their relationship.

China has drawn criticism for large-scale building in the disputed waterways of the South China Sea.

Li took issue with a local journalist's question on whether allegations of steel dumping could impact the trade relationship, a spat that English and his predecessor John Key have tried to play down.

English said there were no talk about the imports.

Li said China is reducing steel production and exports only a modest amount to New Zealand. He added that while half of China's dairy imports come from New Zealand, Beijing has not accused New Zealand of dumping them.

Source :Times Of Oman

egypttoday
egypttoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

china and new zealand agree to boost alreadyclose trade ties china and new zealand agree to boost alreadyclose trade ties



GMT 06:29 2011 Monday ,14 November

Matthew cruises to win at Ochoa Invitational

GMT 03:34 2017 Wednesday ,22 March

Tillerson to skip NATO meeting next month

GMT 13:44 2013 Friday ,15 March

Israel suppress Palestinian demonstrations

GMT 16:15 2017 Monday ,01 May

Moroccan Workers’ Syndicate

GMT 11:56 2016 Wednesday ,12 October

Toyota, Suzuki eye partnership as industry consolidates

GMT 15:42 2011 Thursday ,23 June

Express checks in with foursquare

GMT 10:49 2017 Sunday ,13 August

Car rams into crowd at violent Virginia rally

GMT 17:45 2013 Sunday ,20 October

5 Indian spices that are good for your health

GMT 08:41 2012 Saturday ,15 September

Italian magazine: will print Kate topless snaps

GMT 08:02 2012 Tuesday ,05 June

Zoe Saldana in Prabal Gurung

GMT 06:11 2012 Saturday ,15 September

Tunisia’s Media Conflict: Journalists fight for freedom

GMT 14:35 2015 Friday ,24 July

Awqaf Minister hails New Suez Canal project

GMT 16:34 2017 Thursday ,28 December

Hitler's Nazi-parade Mercedes set

GMT 11:22 2011 Monday ,10 October

Paul McCartney to play in Moscow in December

GMT 05:17 2015 Friday ,25 September

Pope expresses solidarity with Muslims after stampede

GMT 05:44 2012 Saturday ,21 April

ATV engine 95 HP

GMT 03:01 2011 Monday ,19 September

Laughter, tears at US television\'s Emmy awards

GMT 12:04 2012 Wednesday ,07 March

6 Music animation draws on 10 years of eclectic radio

GMT 01:00 2015 Sunday ,05 April

Barzani congratulates Abadi on Tikrit victory

GMT 13:24 2015 Thursday ,15 October

Tesla installs 'autopilot' update

GMT 06:17 2012 Monday ,02 January

Countries across the world celebrate the New Year

GMT 04:07 2016 Tuesday ,07 June

For new era of self-driving cars

GMT 08:21 2017 Saturday ,23 December

Saudi-Sudanese Deal to Ease Transfers

GMT 11:08 2017 Thursday ,21 December

Asian markets mostly down as tax cut euphoria wanes
 
 Egypt Today Facebook,egypt today facebook  Egypt Today Twitter,egypt today twitter Egypt Today Rss,egypt today rss  Egypt Today Youtube,egypt today youtube  Egypt Today Youtube,egypt today youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

egypttoday egypttoday egypttoday egypttoday
egypttoday egypttoday egypttoday
egypttoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
egypttoday, Egypttoday, Egypttoday