BlogsEventsFeaturesNZ Ambassador presents credentials to US PresidentNew senior appointmentEnvoys present credentialsClassified files publicEU signs pacific fisheries conventionNew Ambassador in AfghanistanChinas Vice President visitsPostcard from New YorkNew Zealand France Friendship ScholarshipsRussia NZ Free Trade agreementKapa Haka at VancouverGlobal Research Alliance meetingMelbourne Fashion FestivalNZ recommits to mine free worldPreventing a maritime disaster in AntarcticaAnniversary of International Cooperation in AntarcticaNZ Russia 65th AnniversaryCommonwealth ConversationNZ hosts fisheries meetingTokelau flag flown at ParliamentInternational Atomic Energy Agency conferenceNZ China FTA anniversaryNZ and the UN General AssemblyGovernor General presents Tokelau's first flag to its leadersNZ celebrates literary links with MentonCeremony to remember start of wwIIVisit by Brazilian economistCall for submissions on the Thai CEPPrime Minister's visit to AustraliaNew Working Holiday Scheme with PeruPrime Ministers visit to the PacificHuman Rights Council resolution on maternal mortalityErebus medal presentationEmbassy opening Timor LesteElection observance overseasWTO essay competitionAnzac Day commemorated around the worldHuman Rights ReportIndia NZ Free Trade AgreementBoer War MemorialVisit of Latin America Heads of MissionVisit of Dutch Foreign MinisterNZ High Commissioner to FijiBali Democracy ForumTrans Pacific AgreementExport controls on strategic goodsNZ extended seabed claimSafe TravelImage galleriesMediaPublications
Trade between New Zealand and China has been steadily increasing since the New Zealand-China Free Trade Agreement (FTA) entered into force a year ago.
The New Zealand-China FTA is a treaty between New Zealand and China that liberalises and facilitates trade in goods and services, improves the business environment and promotes cooperation between the two countries in a broad range of economic areas.
In the 12 months since the FTA entered into force, on 1 October 2008, two-way trade, or imports plus exports, between New Zealand and China increased by 23 percent to reach just over $10 billion.
Exports to China are now worth $3.5 billion, an increase of almost 60 percent over the last year. Dairy exports have seen the biggest increase but there has been significant growth across a range of sectors including meat, seafood, timber, kiwifruit, wool and wine exports.
The FTA has also led to increased cooperation between our two economies in a wide range of areas including agriculture. This engagement brings significant gains to both countries through increased knowledge-sharing and people-to-people links.
China is now New Zealand's third largest trading partner, following Australia and the USA. New Zealand has a total of 6 free trade agreements, with the latest the ASEAN Australia New Zealand Free trade agreement due to enter into force early next year.
For more information about the NZ-China Free Trade Agreement visit the following website:
