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CCTV, Beijing, January 27 (Reporter Feng Shuo) According to the China Voice of China Central Radio and Television News, on January 26, the Minister of Commerce Wang Wentao and the Minister of Commerce and Export Growth of New Zealand O’Connor represented the two The Chinese government signed the China-Singapore Free Trade Agreement update protocol via video. The China-Singapore Free Trade Agreement is the first comprehensive bilateral free trade agreement signed by my country that covers many areas such as trade in goods, trade in services and investment. It is also the first free trade agreement signed between China and developed countries. The agreement was signed in April 2008 and formally entered into force in October of the same year. What content has been updated in this successful update? What kind of opening dividend will it bring to the people of China and New Zealand?
In addition to improving the rules of origin, customs procedures and trade facilitation, technical barriers to trade, trade in services and cooperation of the original agreement, the update protocol also includes electronic commerce, public procurement, competition policy, environment and trade. Wait 4 areas.
Yang Zhengwei, deputy director of the Department of International Relations and Trade at the Ministry of Commerce, said that the signing of the update protocol, to a large extent, is not only a manifestation of the initial consensus between China and New Zealand, but also a very important agreement for boost confidence in economic and trade cooperation under the epidemic.
Yang Zhengwei said: “The signing of the update protocol sends a positive signal to the international community that the two countries will work together to respond to the epidemic, support multilateralism and free trade, and is a concrete practice to promote the transformation of the world. economic dynamics, mode changes and structural adjustments “.
As the second largest economy in the world and the largest economy in Asia, China has become the largest trading partner of more and more neighboring countries in recent years. For New Zealand, as early as 2013, China became New Zealand’s second-largest trading partner, and since 2017, China has been New Zealand’s largest trading partner.
The signing of this update protocol means more opportunities for the two countries.
For ordinary consumers, New Zealand kiwi and milk are foods that are often seen in supermarkets. At last year’s CIIE, New Zealand’s Ambassador to China Fu Enlai also spoke on behalf of New Zealand products: “I want to encourage Chinese businesses and consumers to try New Zealand products. Our food and drinks have taken the lead in the world, including the familiar Kiwi, dairy products, meat products, honey and a variety of other foods and beverages. “
According to Zhou Mi, deputy director of the Institute of the Americas and Oceania at the Ministry of Commerce, with the signing of the update protocol, more specialized products from New Zealand are expected to reach the Chinese people at lower prices. For example, 99% of New Zealand’s wood and paper products will receive duty-free access, and New Zealand dairy products exported to China will be “duty-free” in 2024.
Zhou Mi said: “In the field of goods trade, for ordinary consumers, we can buy some special products produced in New Zealand at a lower tariff, such as dairy products, wool related products and some wood products and meat products. . “
In addition, in the field of service trade, many New Zealand service providers will also enter the Chinese market. “In the field of trade in services, the two sides have also been more committed to opening up trade in services, which involves some aspects like aviation and finance. Such openings (in the fields) are for service providers to New Zealand services enter the Chinese market Chinese consumers provide more services to promote market competition and improve market order. I think they all have a very effective promotional effect, “said Zhou Mi.
In addition to the significant improvements in the business sector, in this upgrade agreement, Singapore will further relax the review conditions for applying for a Chinese-language tour guide category work visa.
Yang Zhengwei said: “New Zealand has doubled the quota of Chinese language teachers and Chinese tour guides in the work permit agreement for special types of work.”
With the gradual implementation of the updated protocol content, China and New Zealand will also usher in a broader market access and a more favorable trade and investment environment. According to the exchange of letters from China-funded companies on new investments, Singapore’s side confirmed that it would relax the review threshold for Chinese-funded companies and give Chinese investors the same review threshold treatment as members of the Comprehensive and Progressive Trans-Pacific. Association Agreement (CPTPP).
Zhou Mi said that such an investment environment has a very important supporting role for the cross-border flow of factors, especially the integration of the China and New Zealand markets.
Zhou Mi said: “Companies still have some employees who can conduct cross-border business at lower cost and in a more convenient economic and business cooperation environment, which will help them maintain business stability and increase income diversification under the impact On the other hand, regarding the expansion of some innovative fields, in this agreement between China and New Zealand, there is still some progress in some business fields related to the environment in the field of e-commerce. Advances are for companies to explore breakthrough development and innovation. The cooperative environment offers more space. I think these are also opportunities that companies from all walks of life can explore. “Return to Sohu to see more
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