Silk
Road: New Zealand's Rapport With China 'Sets Example for Western
Countries'
New Zealand has become the first 'Western' country to join China's Silk Road initiative; Wellington's eagerness to develop relations with China should serve as an example for other developed nations, analyst Wang Zhimin told Sputnik.
Sputnik,
New Zealand has become the first 'Western' country to join China's Silk Road initiative; Wellington's eagerness to develop relations with China should serve as an example for other developed nations, analyst Wang Zhimin told Sputnik.
31
March, 2017
Last
week, Chinese Prime Minister Li Keqiang made a three day visit to New
Zealand, where he and his counterpart Bill English signed a host
of new deals on issues including trade, customs, e-commerce
and climate change.
According
to China Daily,
New Zealand became the first developed 'Western' country to sign
a memorandum of cooperation on the Belt
and Road Initiative,
a project to build a trade and infrastructure network that
connects Asia with Europe and Africa stretching beyond the
reaches of the ancient Silk Road trade routes.
China
and New Zealand also confirmed the beginning of official talks
later this month to upgrade their bilateral free trade
agreement. Since the agreement came into to force in 2008,
bilateral trade has tripled to $23 billion.
A
Mutual Recognition Arrangement will ensure that border agencies
in New Zealand and China recognize one another's trusted
exporters, speeding up the customs process
China and New Zealand Customs also recently launched a Joint Electronic Verification System, which automatically sends New Zealand’s Certificate of Origin data to China for greater assurance regarding the authenticity of goods.
China and New Zealand Customs also recently launched a Joint Electronic Verification System, which automatically sends New Zealand’s Certificate of Origin data to China for greater assurance regarding the authenticity of goods.
Another
deal allows some New Zealand meat producers to export to China,
and some Chinese vegetable producers to export to New
Zealand.
Wang
Zhimin, director of the Center for Globalization and
Modernization at China's Institute of Foreign Economics and
Trade, told Sputnik that other countries should follow New Zealand's
example in expanding trade ties with China.
"China
and New Zealand have excellent economic and political links. After Xi
Jinping's visit to the country in 2014, relations
between the two countries were raised to the level
of comprehensive strategic partnership. New Zealand can be
called an example for the West in developing ties
with China."
"The
parties have a huge space for ties in trade, the economy,
investment cooperation, education and climate change. The agreement
signed on cooperation in the framework of the Silk
Road will stimulate cooperation in these areas," Zhimin
said.
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