July 23, 2008
New Zealand to China: FREE TRADE
New Zealand lawmakers approve Free Trade Agreement with China.
“By 2017, tariffs on 96 per cent of New Zealand’s exports to China, which currently cost exporters $120 million a year, will be phased out, giving our companies a unique competitive advantage in the fastest growing economy in the world. Our exports to China, currently at more than $2 billion a year, are estimated to grow by between $230-350 million a year faster than they would have without an FTA. That means a better standard of living and more jobs for New Zealanders."NZ Trade Minister Phil Goff said.
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