The Free Trade Agreement (FTA) between China and New Zealand was signed in 2008 and has since created significant opportunities for both nations in regards to international trade and investment.

The FTA has eliminated tariffs on 97% of New Zealand’s exported products to China, including dairy, meat, horticulture, wood and seafood. This allows New Zealand businesses to remain competitive in China’s market, as their products become more affordable and attractive to Chinese consumers.

Additionally, the FTA has opened up opportunities for investment between the two countries, with Chinese businesses investing heavily in New Zealand’s infrastructure, tourism and real estate sectors.

The FTA has also boosted the economies of both countries, with China becoming New Zealand’s largest trading partner and New Zealand becoming China’s largest source of imported dairy products.

However, the FTA hasn’t been without its challenges. There have been concerns over China’s trade practices, including intellectual property theft and market access restrictions. These concerns have led to increased scrutiny and calls for stricter regulations and oversight.

Despite these challenges, the FTA has brought significant benefits to both countries and has laid a strong foundation for future trade and investment. As China continues to grow and expand its global reach, the FTA between China and New Zealand will play an important role in shaping the future of international trade and investment.