China News Service, April 7th, according to the website of the Ministry of Commerce, on April 7, 2022, the "Protocol of the Government of the People's Republic of China and the Government of New Zealand on Upgrading the Free Trade Agreement between the Government of the People's Republic of China and the Government of New Zealand" (hereinafter referred to as the "Government of the People's Republic of China and the Government of New Zealand") Upgrade Protocol) came into force.
The China-New Zealand Free Trade Agreement was signed on April 7, 2008 and implemented on October 1 of the same year.
China and New Zealand launched the FTA upgrade negotiation in November 2016, and signed the Upgrade Protocol on January 26, 2021.
The "Upgrade Protocol" further expands the market opening of goods, services, investment and other fields, further improves the level of rules such as trade facilitation, and adds four new chapters, including e-commerce, competition policy, government procurement, environment and trade, which are more in line with modern economic and trade development needs.
The Upgrade Protocol has further improved the quality and efficiency of China-New Zealand free trade relations on the basis of the China-New Zealand Free Trade Agreement and the Regional Comprehensive Economic Partnership (RCEP), helping to further deepen the two countries Practical cooperation in various fields, unleashing high-level opening-up policy dividends, promoting bilateral trade and investment liberalization and facilitation, and constantly enriching and enriching the connotation of China-Singapore comprehensive strategic partnership.
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