New Zealanders are looking forward to the upcoming Asia-Pacific Economic Cooperation (APEC) Economic Leaders’ Meeting in Peru, as their country’s relationship with China continues to flourish. With China being New Zealand’s largest trading partner, the meeting holds significant importance for the nation’s economic future.
This year marks a milestone in China-New Zealand relations, as New Zealand dairy products now enter the Chinese market duty-free. This change opens doors for New Zealand’s dairy industry, which has been exporting an average of 1.4 million tonnes of dairy products to China annually over the past three years, valued at approximately $4.83 billion. Half of these exports are milk powder, a staple in the Chinese market.
The elimination of tariffs on dairy products exemplifies China’s commitment to greater openness and its desire to welcome high-quality goods from around the world. For New Zealand, this presents an opportunity to strengthen economic ties and explore new avenues of cooperation with China.
As the APEC summit approaches, many New Zealanders are hopeful that discussions will further enhance bilateral relationships and address global economic challenges. Voices from across New Zealand express optimism about the potential outcomes of the meeting and the future of China-New Zealand cooperation.
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I'm from APEC: What issues are New Zealanders concerned about?
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