New Zealand yesterday said it did not plan to “choose sides” on trade between the US and China, as Chinese Premier Li Keqiang (李克強) arrived for a visit focused on the issue.
Wellington in 2008 became the first developed nation to sign a free-trade agreement with Beijing and China is now New Zealand’s second-largest commercial partner, with two-way trade worth NZ$23 billion (US$16.16 billion) last year.
Both sides agreed late last year to upgrade the deal and Li’s visit is seen as a way to speed up negotiations.
Photo: AFP
New Zealand Minister of Trade Todd McClay said closer ties with Beijing need not affect relations with Washington, which withdrew from the Trans-Pacific Partnership (TPP) regional trade deal after US President Donald Trump took office.
The pullout has jeopardized the future of the TPP, which would have included New Zealand, but excluded China.
RIVAL PACT
China is pushing a rival pact known as the Regional Comprehensive Economic Partnership, which would include New Zealand.
“No, we don’t have to choose sides,” McClay told Television New Zealand. “Wherever there is an agreement or an opportunity that delivers a greater fairness for New Zealanders in the US or China... then New Zealand will look at that.”
Li, who has just wrapped up a trade mission to Australia, is to hold talks with New Zealand Prime Minister Bill English in Wellington today.
He is scheduled to meet business leaders in Auckland tomorrow before departing early on Wednesday.
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