China, New Zealand ink trade deal as Beijing calls for reduced global barriers, reports Reuters
WELLINGTON/BEIJING (Reuters) – China and New Zealand signed a deal on Tuesday upgrading a free trade pact to give exports from the Pacific nation greater access to the world’s second-largest economy.
The pact comes as Beijing seeks to establish itself as a strong advocate of multilateralism after a bruising trade war with the United States, at a time when the coronavirus has forced the closure of many international borders.
New Zealand Prime Minister Jacinda Ardern confirmed the signing of the expanded deal.
“China remains one of our most important trade partners…For this to take place during the global economic crisis bought about by COVID-19 makes it particularly important,” she told a news conference.