The China-New Zealand Free Trade Agreement Upgrade Protocol Will Come Into Force On April 7

Recently, Chinese Minister of Commerce Wang Wentao held a video meeting with New Zealand Minister of Trade and Export Growth O'Connor. The two sides announced that they have completed the domestic approval procedures for the "China-New Zealand Free Trade Agreement Upgrade Protocol", and the "Upgrade Protocol" will come into effect on April 7.

The two sides agreed to take the 50th anniversary of the establishment of diplomatic relations between China and China in 2022 as an opportunity to implement the "Upgrade Protocol" with high quality, further promote trade and investment exchanges between the two countries, jointly promote the development of bilateral economic and trade relations to a higher level, and continuously enrich the comprehensive strategic partnership. connotation.

The China-New Zealand Free Trade Agreement was signed on April 7, 2008 and implemented on October 1 of the same year. The two sides launched the FTA upgrade negotiation in November 2016, and formally signed the Upgrade Protocol on January 26, 2021.