Signed! China-New Zealand Free Trade Agreement Update Will Unlock More Open Dividends



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Original Title: Signed! China-New Zealand Free Trade Agreement Update Will Release More Open Dividends

The China-New Zealand Free Trade Agreement Update Protocol was formally signed on the 26th. This means that the two parties have a greater and greater level of openness to each other, which will give both countriescompanyAnd people bring more open dividends.

Minister of Commerce Wang Wentao and Commerce of New Zealand andTo exportOn the same day, Minister O’Connor, on behalf of the two governments, formally signed the update protocol of the China-Singapore Free Trade Agreement via video.

The China-Singapore Free Trade Agreement is the first free trade agreement signed between my country and a developed country, it was signed in April 2008 and was implemented on October 1 of the same year. In November 2016, the two parties released an update to the free trade agreement.negotiation. In November 2019, the two sides completed upgrade negotiations.

It is understood that the Update Protocol has made the China-Singapore Free Trade Relations a reality in the Regional Comprehensive Economic Partnership Agreement (RCEP) On the basis of continuing to improve quality and efficiency.goodsIn trade, some new wood and paper productsmarketOpen and further optimizedRules of originTechnical barriers to tradecustomsFacilitation and other business rules.

  ServiceIn the field of trade, on the basis of RCEP, China has further expanded the opening of aviation, education, finance, pensions and passenger transport to New Zealand.Singapore’s Special Job TypesjobsIn the permit agreement, the ChineseprofessorGo to Singapore with Chinese tour guidejobThe company’s share has doubled over the original basis and increased to 300 and 200 respectively.

  investmentOn the ground, Singapore has relaxed the China-funded review threshold and confirmed thatThe Pacific OceanMembers of the Association Agreement (CPTPP) have the same review threshold treatment.

In the regulatory sphere, the two parties have committed toCompetition policyStrengthen cooperation in areas such as public procurement, the environment, and trade. Among them, the chapter on environment and trade goes beyond the RCEP and reached a higher level of cooperation clauses to improve environmental protection, strengthen the application of environmental legislation and comply with multilateral environmental agreements.

Wang Wentao said that the signing of the update protocol is a concrete action by China to practice multilateralism and build an open world economy.free tradeZone promotionstrategyImportant move. He also said China will actively consider joining CPTPP and is willing to work with New Zealand on this.communication

Yang Zhengwei, deputy director of the International Department of the Ministry of Commerce, said the updated protocol will promote further deepening of pragmatic cooperation between China and New Zealand, enhance the interests of the two countries’ companies and the well-being of people, and liberate a positive sign that the two countries support multilateralism and free trade.

The Ministry of Commerce stated that after the signing of the update protocol, both sides will carry out relevant national procedures as soon as possible so that the China-Singapore Free Trade Update Agreement enters into force as soon as possible.

(Article source:Xinhuanet

(Editor in charge: DF078)

I solemnly declare: The purpose of this information is to spread more information, and it has nothing to do with this booth.

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