{"id":80285,"date":"2021-02-01T10:50:56","date_gmt":"2021-02-01T10:50:56","guid":{"rendered":"https:\/\/tin.happy-projects.ro\/new-zealands-wood-product-exports-china-now-tariff-free\/"},"modified":"2025-09-18T17:21:04","modified_gmt":"2025-09-18T17:21:04","slug":"new-zealands-wood-product-exports-china-now-tariff-free","status":"publish","type":"post","link":"https:\/\/www.timberindustrynews.com\/ro\/new-zealands-wood-product-exports-china-now-tariff-free\/","title":{"rendered":"New Zealand\u2019s wood product exports to China now tariff-free"},"content":{"rendered":"
\n

The upgrade will also mean that 99% of New Zealand\u2019s nearly NZ$3 billion wood and paper trade to China will have tariff-free access to China.<\/em><\/h3>\n

Trade Ministers for New Zealand and China have signed last week an upgrade to the free trade agreement between the two countries. New Zealand will have 98% free trade with China, its largest trading partner, once the existing free trade agreement comes fully into force. The upgrade has primarily focused on reducing compliance costs for New Zealand exporters, and other measures which ease access to China\u2019s markets.<\/p>\n

Exporters will have key staff they can contact at Chinese ports to iron out any issues.<\/p>\n

Under the upgraded agreement, 99% of New Zealand\u2019s NZ$3 billion trade in paper and wood products will gain tariff-free, preferential access to China.<\/p>\n

An additional 12 wood and paper products will have duties removed; the expected value of this change was NZ$36 million.<\/p>\n

Wood products have been a major export to China. Of the NZ$6.4b in wood exports in 2018, 48% headed to China.<\/p>\n

\u201cThis modernises our free trade agreement and ensures it will remain fit for purpose for another decade,\u201d New Zealand Minister for Trade and Export Growth Damien O\u2019Connor said.<\/p>\n

\u201cThis upgraded agreement comes at a time of considerable global economic disruption due to COVID-19. The upgraded free trade agreement is part of the Government\u2019s Trade Recovery Strategy, in response to the economic shock of COVID-19.\u201d<\/p>\n

Minister O\u2019Connor signed the upgraded agreement at the Beehive in Wellington through a \u2018virtual signing ceremony\u2019 with China\u2019s Minister of Commerce, Wang Wentao, who was participating from Beijing.<\/p>\n

Mr Wentao, speaking through an interpreter, said the signing of the upgrade was \u201canother milestone\u201d in co-operation between the countries.<\/p>\n

\u201cI\u2019ll be more than happy to maintain working relations with you; jointly break new ground in trade and economic relations between China and New Zealand,\u201d he said.<\/p>\n

Key outcomes of the upgrade include new rules that will make exporting to China easier and reduce compliance costs for New Zealand exports, a better deal for services exporters through expanded market access and most-favoured nation commitments, and the introduction of environmental considerations \u2013 the most ambitious trade and environment chapter and the highest level of commitment that China has agreed in any FTA.<\/p>\n<\/div>","protected":false},"excerpt":{"rendered":"

The upgrade will also mean that 99% of New Zealand\u2019s nearly NZ$3 billion wood and paper trade to China will have tariff-free access to China. Trade Ministers for New Zealand and China have signed last week an upgrade to the … Continue reading →<\/span><\/a><\/p>","protected":false},"author":1,"featured_media":64313,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[4716,4715],"tags":[3254,3382,3257,3950],"class_list":["post-80285","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-latest-trends","category-market-analysis","tag-china","tag-new-zealand","tag-tariffs","tag-wood-product"],"acf":[],"yoast_head":"\nNew Zealand\u2019s wood product exports to China now tariff-free - Timber Industry News<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.timberindustrynews.com\/ro\/new-zealands-wood-product-exports-china-now-tariff-free\/\" \/>\n<meta property=\"og:locale\" content=\"ro_RO\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"New Zealand\u2019s wood product exports to China now tariff-free - Timber Industry News\" \/>\n<meta property=\"og:description\" content=\"The upgrade will also mean that 99% of New Zealand\u2019s nearly NZ$3 billion wood and paper trade to China will have tariff-free access to China. 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