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New Zealand hopes for a stronger trade relationship with China

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New Zealand's red meat sector welcomed China’s CPTPP membership application.

Posted on Sep 23 ,12:22

New Zealand hopes for a stronger trade relationship with China

The Meat Industry Association (MIA) and Beef + Lamb NZ (B+LNZ) welcome China’s formal application to join the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP). Sirma Karapeeva, chief executive of the MIA, said the application is an exciting and important development as New Zealand looks to trade to drive its economic recovery following the COVID-19 pandemic.

“Closer regional integration that includes such an important trading partner like China will allow New Zealand red meat companies to leverage supply chains and deepen their relationships with customers across this important region. The CPTPP was conceived with a vision for deeper regional integration and a closer more connected trading block within the Asia Pacific. The broad interest in membership and China’s formal application to join the agreement demonstrates that the CPTPP is delivering on this ambition.”

B+LNZ chief executive Sam McIvor said: “The New Zealand red meat sector is supportive of new members who can demonstrate that they are willing and able to meet the benchmark for high standards and ambition that the original members set for the CPTPP. The China-New Zealand FTA, and the recent upgrade, demonstrate the high quality and commitment to trade liberalisation that China is capable of and will be most welcome in a CPTPP context. Furthermore, the expansion of CPTPP is an important step in continuing to update and harmonise trade rules in the Asia-Pacific region. It sends an important message to the wider trade community, including the WTO, that trade rules continue to be important and there remains an appetite to expand these and build closer trade relationships.”

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