After eight years and thirty rounds of negotiations, the New Zealand government has put pen to paper on what has been called the world’s largest free-trade agreement.
The deal offers some New Zealand goods faster access to Chinese markets and a reduction in tariffs for paper and wood products.
New Zealand will have 98 per cent free trade with China, its largest trading partner, once the agreement comes fully into force. The upgrade has primarily focused on reducing compliance costs for exporters, and other measures which ease access to China’s markets.
