Photo: Getty ImagesThe New Zealand and Chinese governments have signed an upgrade to the free trade agreement between the two countries. "This upgraded agreement comes at a time of considerable global economic disruption due to Covid-19. The upgraded free trade agreement is part of the government's Trade Recovery Strategy, in response to the economic shock of Covid-19. It will also ensure that most of New Zealand's $3 billion wood and paper trade to China will be tariff-free. "This means that by 1 January 2024, all New Zealand dairy exports to China will be tariff free," O'Connor said.

Source: Otago Daily Times January 26, 2021 02:37 UTC