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China, New Zealand sign upgraded free trade deal
Published on: 2021-01-27
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China and New Zealand signed the upgrading protocol of their free trade agreement (FTA) via video link on Tuesday with new commitments in trade market entry, investment and other key aspects, sending a positive signal of partnership to combat the pandemic, and to support multilateralism and free trade.
 

Based on the original China-New Zealand FTA signed in April 2008, the two sides will enjoy more benefits after the upgrading, according to a statement on the website of China's Ministry of Commerce.
 

China will expand opening-up of its aviation, education, finance and other sectors to New Zealand, based on the Regional Comprehensive Economic Partnership (RCEP), while New Zealand will relax the review threshold for Chinese investment, making sure that Chinese investment enjoys the same treatment as members of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), read the statement.
 

Under the new protocol, New Zealand will not investigate Chinese government investors with investments of no more than NZ$100 million ($71.82 million) or non-government investors with investments of no more than NZ$200 million, China News Service reported.
 

It's a huge sign of progress, compared with the existing NZ$10 million threshold, the report said.
 

In addition, the scope of industries that Chinese investors can participate in has been enlarged, to include services such as marketing, human resources, and tourism in New Zealand, said the report.
 

Bilateral trade is expected to see rapid growth, as the ratio of zero-tariff goods that China imports from New Zealand will be increased, boosting imports of good-quality New Zealand products, analysts said.
 

中国和新西兰合作升级!

继RCEP签署、中欧投资协定谈判完成后,中国又和新西兰一起干了一件大事。
 

26日,中国和新西兰以视频方式签署了两国自贸协定升级议定书。
 

中新自贸协定于2008年签署生效,是中国与发达国家达成的第一个自贸协定。当年这份协定的质量就已达到很高水平。
 

比如,新西兰对从中国进口的全部商品实施零关税,中国则对从新西兰进口的97%的商品实施零关税。得益于这一协定,两国双边贸易额从2008年的44亿美元增长到2020年的181亿美元,年均增速高达14%;中国也连续多年成为新西兰第一大贸易伙伴、第一大出口市场和第一大进口来源地。
 

此次更新升级之后,双方贸易投资可享受的利好更多。
 

最突出的实惠是中国企业对新西兰投资将更加便利。根据最新版协定,如果中国政府投资者对新西兰的投资不超过1亿新元、非政府投资者的投资不超过2亿新元,就不需要被审查。和以前只有1000万新元的的投资门槛相比,新规对中国投资者可以说是非常友好。

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