Xinhua Silk Road - Belt and Road Portal, China's silk road economic belt and 21st Century Maritime Silk Road Website Xinhua Silk Road - Belt and Road Portal, China's silk road economic belt and 21st Century Maritime Silk Road Website
Subscribe CustomBlackClose

Belt & Road Weekly Subscription Form

download_pop

Research ReportCustomBlackClose

The full edition of the report is available at Xinhua Silk Road Database. You can click the “Table of Content” to have a general understanding of it.

Click on the button below to create your account and get immediate access to thousands of articles.

Start a Free Trial

Xinhua Silk Road Database
International Relation

2020 means more business opportunities between New Zealand, China after FTA upgrade: business leaders

December 03, 2019


Abstract : New Zealand business leaders and entrepreneurs at the "New Vision 2020 - China-NZ Entrepreneurs Conference" expressed optimistic expectations Monday towards bilateral trading and communication after upgrading the bilateral free trade agreement (FTA).

AUCKLAND, New Zealand, Dec. 2 (Xinhua) -- New Zealand business leaders and entrepreneurs at the "New Vision 2020 - China-NZ Entrepreneurs Conference" expressed optimistic expectations Monday towards bilateral trading and communication after upgrading the bilateral free trade agreement (FTA).

The conference was organized by China Chamber of Commerce of New Zealand (CCCNZ) to share a great vision toward the future of New Zealand and China business relationship and cooperation in 2020.

Wu Xi, Chinese Ambassador to New Zealand, vowed that China will work more closely with all NZ communities in the coming 2020 to further strengthen the China-NZ Comprehensive Strategic Partnership and advance the joint building of the Belt and Road Initiative.

“We will continue to promote practical cooperation across the economy, including tourism, education and scientific research, environment and so on.”

“Based on the principles of equality, mutual respect and mutual benefit, the China-NZ relations has already achieved substantial results and will bring about more tangible benefits for our two peoples,” she said, “A more open and modern China will bring more opportunities to the rest of the world, including NZ.”

"I am absolutely confident that with good faith and through joint efforts on both sides, China-NZ cooperation will continue to make new breakthroughs," the ambassador said.

Auckland Mayor Phil Goff acknowledged New Zealand and China have built strong trade relationship. “China-New Zealand trade has boomed from almost nothing in 1972 up to 9 billion (New Zealand) dollars by 2008. After signing the FTA, it has tripled to 32 billion dollars in 2 ways trade. That huge growth is made by China, our most important trade partner.”

He stressed that China provides New Zealand with the biggest source of international students. “Some of them will stay in New Zealand and make contribution. Some will go back to China and they are the trade ambassadors for our country.”

Renyong Chi, Dean of China Institute for Small and Medium Business, Zhejiang University of Technology, compared the similarity of New Zealand and China’s small and median entrepreneurs. He elaborated the opportunities for SMEs both in China and New Zealand in 2020.

“With the high-speed development of internet and information economy, Internet+ strategies, AI application in manufacturing, SMEs has more opportunities to improve their productivity using intelligent technology.”

“SMEs can also change production management by customized manufacturing, online order management, etc. Internet Platforms, like Alibaba, make it possible for SMEs to connect great market, global market, ” he added.

Economist Oliver Marc Hartwich, Executive Director of the think tank The New Zealand Initiative in Wellington, described the outlook of New Zealand's economy in 2020 as “weak but stable.”

More than 400 Chinese and New Zealand entrepreneurs participated in the conference. The participants agreed that after the negotiations on upgrading the FTA between China and New Zealand, there are many new opportunities for cooperation between the two countries in the fields of primary industry, e-commerce, tourism, education, science and technology, environmental protection. (1 NZ dollar equals 0.63 U.S. dollar)

Scan the QR code and push it to your mobile phone

Keyword: FTA China-New Zealand free trade

Reading:

Fblife holds First China-Thailand Rally Racing to promote hero culture

Culture and tourism events boost Datong tourism dev., report

Chinese Rural Revitalizing 2019 and 1st Forum on BRI Agricultural and Rural Development convened in Hangzhou

Tingyi holds science popularization activities for teenagers to contribute to Chinese Dream

Chinese companies participate in Egypt's tech exhibition in Cairo

Write to Us belt & road login close

Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to [email protected] and share your stories with more people.

Click on the button below to create your account and get im http://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

Start a Free Trial

Ask Us A Question belt & road login close

If you have any questions, please enter them in the box below.

Identifying code Reload

Write to Us belt & road login close

Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to silkroadweekly@xinhua.org and share your stories with more people.

Click on the button below to create your account and get im http://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

Start a Free Trial