NZCTA: Reaping the rewards
The visit of Vice President Xi Jinping gave the opportunity for a broader segment of New Zealanders to reflect on the importance of our relationship with China. Those China hands close to the action have recognised and followed the rapid increase in trade and the elevation of China from fourth, then third and now second export partner as well as second overall trading partner. The 2008 FTA certainly seems to have had some impact, in our export performance, as, in addition to the much publicised increases in milk powder and logs, which were primarily driven by market forces, manufacturing exports increased by 10% over a period when over all markets, our export returns decreased. But almost more importantly the vice...
