Story: Asia and New Zealand

Signing of the New Zealand-China Free Trade Agreement, 2008

Signing of the New Zealand-China Free Trade Agreement, 2008

After 15 rounds of negotiations over three years, New Zealand minister of trade Phil Goff and Chinese commerce minister Chen Deming signed the New Zealand–China Free Trade Agreement in Beijing on 7 April 2008. The agreement liberalised trade between the two countries and reduced tariff barriers. It was the first free-trade agreement between China and a country in the OECD (a group of 30 developed economies). China's importance as an economic power has continued to grow since the liberalisation of its economy was begun by Deng Xiaoping in the 1970s.

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How to cite this page:

David Capie, 'Asia and New Zealand - The rise of Asia', Te Ara - the Encyclopedia of New Zealand, (accessed 26 July 2024)

Story by David Capie, published 20 Jun 2012