Parliament

Gordon Campbell | Parliament TV | Parliament Today | Video | Questions Of the Day | Search

 

Historic first as New Zealand-China FTA signed


7 April 2008

Media Statement

Historic first as New Zealand-China FTA signed


Prime Minister Helen Clark and Chinese counterpart, Premier Wen Jiabao, today witnessed the signing of the historic Free Trade Agreement between New Zealand and China in Beijing’s Great Hall of the People.

“Today’s ceremony is the culmination of 15 rounds of negotiations over three years. New Zealand is the first developed country to negotiate an FTA with China,” Helen Clark said.

“Over time this FTA will result in the elimination of tariffs on 96 per cent of New Zealand exports to China, and is estimated to lift New Zealand’s export revenue from China by between US$180 to US$280 million (NZ$225 to NZ$350 million) every year.

“The signing of this agreement is a very significant achievement for New Zealand. It opens up new opportunities for businesses looking to engage with, or grow their existing links with, China. It will facilitate goods and services trade, and investment.

“Overall, the FTA reduces barriers to our trade with China. It promotes co-operation in a broad range of economic areas, and also provides a platform for further engagement at the governmental, cultural, and people-to-people levels.

“New Zealand and China have also agreed to establish a working holiday scheme. New Zealand has such schemes with many other countries. This one will enable up to 1000 skilled young Chinese travellers to enter New Zealand on working holidays each year.

“There will also be provision for up to 1,800 skilled Chinese workers to enter New Zealand on work permits each year for work in both specialised fields such as Chinese traditional medicine, Mandarin language teaching, chefs specialising in Chinese cuisine, tour guides, and martial arts teachers, and in areas of specified skills shortage.

“New Zealand and China have also signed binding agreements on labour and environment, aimed at encouraging dialogue and co-operation in these two important areas,” Helen Clark said.

Helen Clark said that a dedicated website containing more information about the FTA is being launched today. The site, www.ChinaFTA.govt.nz , contains the full text of the agreement and a detailed guide to it. It features tools to assist New Zealand and Chinese businesses to take advantage of the FTA.

Information about the FTA will also be made available to New Zealand businesses in a series of five roadshows in Auckland, Hamilton, Wellington, Christchurch, and Dunedin over the next few weeks.

The objective is for the FTA to come into force on 1 October 2008, after the New Zealand Parliament has passed implementing legislation, and after the two countries have exchanged notes confirming that domestic legal procedures have been completed.

ALSO:

  • English fact sheet

  • Key Outcomes
  • ENDS

    © Scoop Media

     
     
     
    Parliament Headlines | Politics Headlines | Regional Headlines

    Gordon Campbell: On Our Local Responses To The Global Problems Of Inflation


    In the United Kingdom, inflation is running at its highest rate in 30 years. In the US, inflation hit 7% during 2021. You wouldn’t want to be in Estonia, where inflation has just hit 12%. Across the Eurozone – the measurement methods vary – inflation is averaging out at 5%. In Canada, inflation is running at its highest level in 30 years. Inflation is not simply a problem afflicting developed countries. In a developing country like Brazil inflation is running at its highest level in seven years...
    More>>



     
     

    Government: Building And Shaping A City: Future-proofing Auckland Transport Infrastructure
    The Government is bringing Auckland’s transport infrastructure into the future by moving forward with an additional Waitematā Harbour crossing, progressing light rail from Auckland’s CBD to the airport, and creating a linked-up rapid transport network as part of a 30-year plan... More>>

    The Treasury: Financial Statements Of The Government Of NZ For The 5 Months Ended 30 November 2021
    Interim Financial Statements of the Government of New Zealand for the 5 months ended 30 November 2021... More>>

    ALSO:


    Government: Announces Three Phase Public Health Response To Omicron
    The Government has announced a three phase Omicron plan that aims to slow down and limit the spread of an outbreak, Associate Minister of Health, Dr Ayesha Verrall announced today. “Through the course of managing Omicron, we will be taking a phased approach. As case numbers grow both testing and isolation approaches will change in response... More>>



    Ministry Of Transport: Have Your Say On The Future Of Road User Charges
    Te Manatū Waka Ministry of Transport is inviting New Zealanders to submit their views on improving the Road User Charges system, says Secretary for Transport, Peter Mersi... More>>


    TradeMe: New Zealand Rents Climb $40 Per Week In One Year

    New Zealand’s national median rent climbed $40 a week in 2021 to reach $560 in December, according to Trade Me’s latest Rental Price Index. Trade Me Property Sales Director Gavin Lloyd said last month’s national median weekly rent showed an 8 per cent annual increase... More>>


    Transparency International: New Zealand Retains Top Ranking In Annual Corruption Perceptions Index
    New Zealand is once again ranked least corrupt in the world by Transparency International’s annual Corruption Perceptions Index. This year New Zealand’s score of 88 out of 100 is unchanged resulting in it being first equal with Denmark and Finland... More>>

     
     
     
     
     
     

    LATEST HEADLINES

    • PARLIAMENT
    • POLITICS
    • REGIONAL
     
     

    InfoPages News Channels