Upgrade of China FTA Will Be Rewarding For Primary Sector

Upgrade of China FTA Will Be Rewarding For Primary Sector

The announcement of the intention of both the Chinese and New Zealand government’s to upgrade their free trade agreement will pay dividends for the nation’s primary sector.

Federated Farmers president and spokesperson on trade Dr William Rolleston said the review of the now eight year old agreement should enhance tariff removal and elimination, particularly on primary sector products such as dairy.

"One of the keys to the success of this agreement has been the determination by our negotiators to focus on non-tariff trade barriers, which can often be as costly as tariffs.

"We support the determination of our Trade Minister and his officials to keep working on improving this agreement, it can only be good for New Zealand’s economy," Dr Rolleston says.

ENDS

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