China and New Zealand Signed the Upgrade Protocol of Free Trade Agreement

On Jan. 26, 2021, China and New Zealand signed a protocol on upgrading their 12-year-old free trade agreement. Apart from improving rules of origin, customs procedure and trade facilitation measures, technical trade barriers, trade in services, and collaboration, the protocol newly includes e-commerce, government procurement, competition policy, environment and trade to fit the latest business environment. In addition, China and New Zealand also agreed to facilitate cosmetic trade, reduce tariff on wood and paper products from New Zealand and etc.

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