The upgrading of China-New Zealand free commerce settlement (FTA) and the event of the Guangdong-Hong Kong-Macao Larger Bay Space will carry higher alternatives for financial cooperation between China and New Zealand, individuals at a enterprise discussion board held right here mentioned, Pattern studies citing Xinhua.
The discussion board specializing in the FTA improve and the Guangdong-Hong Kong-Macao Larger Bay Space (the Larger Bay Space) growth alternative, held in Auckland, was attended by New Zealand enterprise leaders, industrial representatives, commerce organisations, diplomats and media reporters.
China and New Zealand signed a protocol on upgrading their 12-year-old free commerce settlement in January this yr.
Martin Thomson, chair of the New Zealand China Commerce Affiliation, mentioned on the discussion board that the FTA improve is a robust sign of the dedication by each governments to develop the financial relationship between the 2 international locations.
Thomson believed that China’s sturdy financial development is creating higher alternatives for New Zealand companies.
Whereas addressing the discussion board, Chinese language Vice Consul-Basic in Auckland Xiao Yewen mentioned the signing of the protocol earlier this yr demonstrates the higher potential and brighter prospect of financial and commerce cooperation between the 2 international locations.
“It is not going to solely assist create new areas of development for the 2 international locations within the post-pandemic period, but in addition make contribution to regional financial restoration and growth,” mentioned Xiao.
Ao Yan, secretary-general of China Council for the Promotion of Worldwide Commerce Guangdong Committee, delivered a video speech to the discussion board, saying the signing of the free commerce deal improve protocol will carry higher alternatives and help to companies in Guangdong and the Larger Bay Space.
In 2008, China signed an FTA with New Zealand, the primary FTA between China and a developed nation.