New Zealand and China have upgraded the Free Trade Agreement that exists between the two nations. The Agreement which was originally signed by Prime Minister Helen Clark and Chinese President Hu Jintao in 2008, was presented by the Chinese Premier Li Keqiang today as an agreement that deserved to be upgraded.
All very well. New Zealand has significant trade with China and has a $5.1 billion trade surplus which Mr Keqiang acknowledged in remarks following the announcement of the new deal, for which negotiations were started by the National-led Government of Prime Minister Bill English and concluded by Prime Minister Jacinda Ardern.
Concessions appear to have been made by China. In the previous version of the F.T.A. China permitted 98% of New Zealand exports to have preferential access, whereas this time it is 99%. As the last deal was about making sure that New Zealand had a working agreement with China, this was about enabling business to be more easily conducted.
New Zealand maintains the right to regulate for purposes of complying with Te Tiriti O Waitangi, as it also does for purposes of regulating public policy. China has agreed to allow products to enter and not have to be re-certified on entry, which has been a problem for exporters. New Zealand exporters will also be able to self declare their goods as products of New Zealand.
Notably though, the number of New Zealanders who can get visas each year has not changed.
These are however testing times. China’s growing ambition in the Pacific is expressed in military, foreign policy and economic development. It’s growing interest in the South Pacific should be noted by New Zealand and monitored closely. China’s lack of regard for human rights in a part of the world not known for strong human rights policy is of significant concern to human rights N.G.O.’s in New Zealand.