NZ GVT China Business Summit
On May 3, NZ GVT gave speeches at the China Business Summit.
- NZ GVT prime minister Jacinda Ardern and minister for trade and export growth Damien O'Connor spoke at the China Business Summit, on NZ-China trade relations.
- Speech by Ardern
- Trade in goods between the two countries has remained resilient despite challenges of Covid; some exports to China declined in early 2020 but have remained strong overall.
- FTA upgrade signed in Jan. 2021 ensures that rules underpinning the bilateral trade are responsive to changing patterns of commerce, up-to-date, and fit-for-purpose.
- Said that NZ and China are going to take different perspectives on some important issues, given their different histories, worldviews and political and legal systems.
- Will continue to work through the issues, and it need not derail the relationship.
- Expressed hope that China sees it in its own core interests to act in ways that are consistent with its responsibilities as a growing power, including as a UNSC member.
- NZ is working with the 20 other APEC economies, including China, to ensure economic responses to Covid, in trade and economic policy, are pulling in the same direction.
- Speech by O'Connor
- Spoke on FTA upgrade; new goods and services market access and trade facilitation measures, tariff-free access for 99% of the NZD3bn wood and paper trade to China.
- Said that government agencies will continue to work closely with Chinese counterparts on navigating shifting requirements and expectations relating to risks posed by Covid.
- The government's trade recovery strategy has focuses on retooling exporter support, reinvigorating international trade architecture, and refreshing key trade relationships.
||Sp 5/3/2021; COVID-19
||Financial; Risk; Treasury
|Reg. Last Update
Last substantive update on 05/04/2021