NZ and China to pursue new economic, trade opportunities along the Belt and Road
The New Zealand China Council has welcomed the signing of a Memorandum of Arrangement seeking to define how China and New Zealand will work together on strategic Belt and Road (BAR) initiatives.
“China’s Belt and Road Initiative is an ambitious undertaking which could lead to new opportunities for boosting economic co-operation and trade,” says NZ China Council Executive Director Stephen Jacobi.
“This new arrangement between China and New Zealand provides a helpful framework for joint work to boost connectivity along the Belt and Road. It should help identify how New Zealand providers of a range of services as well as goods can participate and how New Zealand can bring its policy expertise to bear in terms of regulatory co-operation, supply chain connectivity and trade facilitation.”
The Memorandum of Arrangement on Strengthening Co-operation on Belt and Road Initiatives between New Zealand and the People’s Republic of China was signed today in Wellington by Chairman of the National Development and Reform Commission, H E He Lifeng, and Minister for Economic Development, Hon Simon Bridges. The signing took place in the context of the visit of the Premier of the Peoples’ Republic of China, H E Li Keqiang.
“At a time when many other countries are seeking to engage with China, New Zealand has to be able to demonstrate the value we can bring to the relationship. The signing of today’s Memorandum is a way of doing just that.
“The NZ China Council looks forward to working with both governments to implement the undertakings in the new arrangement including by attending the BAR Forum in Beijing 14-15 May”, says Mr Jacobi.