The Asia-Pacific Economic Cooperation (APEC) Economic Leaders' Meeting is set to take place in Peru this year, marking a significant event for member economies. Among the notable participants, China and New Zealand have made remarkable strides in strengthening their bilateral relationship, achieving multiple \"firsts\" through collaborative efforts.
In a landmark development, New Zealand dairy products will gain duty-free access to the Chinese mainland market starting this year. China stands as New Zealand's largest trading partner, with bilateral trade surpassing $25 billion in 2022. Over the past three years, New Zealand has consistently exported an average of 1.4 million tonnes of dairy products annually to China, valued at approximately $4.83 billion, with milk powder accounting for half of these exports. This duty-free access underscores China's commitment to greater openness and its willingness to welcome high-quality goods into its market.
In anticipation of the APEC summit, a CGTN stringer engaged with several New Zealanders to discuss their expectations for the meeting and their perspectives on the evolving China-New Zealand cooperation. The consensus highlights optimism for continued economic growth and strengthened ties between the two nations.
Reference(s):
I'm from APEC: What issues are New Zealanders concerned about?
cgtn.com
