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FTA prompts trade increase

FTA prompts trade increase

Write: Maribel [2011-05-20]
New Zealand's Free Trade Agreement (FTA) with China has resulted in total trade between the countries jumping by more than a third in its first two years.
"Since it has been in force, total trade between New Zealand and China has increased by more than a third, from NZ$8.5 billion ($6.4 billion) to NZ$11.1 billion," said New Zealand's Trade Minister Tim Groser on Thursday. New Zealand's exports to China, now worth NZ$4.5 billion, have almost doubled in the past two years, he said.
Source:China Daily