New Zealand China Strategy
Opening Doors in China
New Zealand China Strategy
The Government NZ Inc strategies
• Set goals and priorities for New Zealand’s key
country and regional relationships
• Coordinate government efforts
• Boost New Zealand’s growth
• Target key markets
• Engage and support business
New Zealand China Strategy
Why China?
• World’s second largest economy – still growing relatively
fast; major influencer in Asia Pacific region
• By 2016 China could be the world’s largest economy
• By 2025 China is likely to be New Zealand’s largest
economic partner
• We need to identify opportunities now for future growth
• NZ’s relationship with China is crucial to delivering on
government’s Economic Growth Agenda
New Zealand China Strategy
New Zealand China Strategy
New Zealand’s China challenge
• To translate excellent political ties and a trading
framework into tangible benefits for New
Zealand.
• To utilise our strong levers – China New Zealand
FTA (2008), four firsts, knowledge and
connections
New Zealand China Strategy
Vision 2015
Goals
1. Strong and
resilient
political
relationship
Develop New Zealand Value
Proposition
Priority Actions for NZ Inc
Strong economic, political and people-topeople relationships which have stimulated
innovation, learning and economic growth
2. Double 2way good
trade
3. Grow
services trade
(tourism &
education)
4. Increase
bilateral
investment
5. Grow
science and
technology
collaboration
New Zealand China Strategy
The vision for 2015:
“New Zealand and China have strong and resilient
economic, political and people to people
relationships which have stimulated
New Zealand’s innovation, learning and economic
growth.”
New Zealand China Strategy
Goal 1 - Retain and build a strong and resilient
political relationship with China
• Importance of political relationship
• Ministerial visit programme – especially in
context of 40th anniversary
• Establishment of NZ China Council
New Zealand China Strategy
Goal 2 - Double two way goods trade with China to
NZ$20 billion by 2015
• NZ exports have tripled since FTA
• Underpinned by commodity growth
• Development of higher value products and
services.
• NZTE focus on high growth companies project and
priority sectors.
New Zealand China Strategy
Goal 3 - Grow services trade with China,
education by 20%, tourism by 60%, by 2015
• High value, profitable non-commodity growth
• Education market analysis and develop
targeted branding and promotion campaign
• Support and facilitate expanded air links
New Zealand China Strategy
Goal 4 - Increase bilateral investment to levels
that reflect the growing commercial relationship
with China
• Current levels low, room for growth
• Creation of Investment advisory positions
based in China
New Zealand China Strategy
Goal 5 - Grow high quality science and
technology collaborations with China to
generate commercial opportunities
• Commercially-focused initiatives under the NZ
China Strategic Research Alliance.
• Lanzatech – NZ technology and Chinese capital
in commercial venture
New Zealand China Strategy
Cross-cutting Value Proposition: Develop and
Protect the New Zealand brand
– Safe food
– World-beating tourism
– Tikanga Maori
New Zealand China Strategy
Ministry of Foreign Affairs and Trade Role:
• Protect and promote New Zealand's interests in
China
• Leadership role for the official relationship –
onshore and offshore
• China Strategy Coordination
• 40th Anniversary
• Opening doors for business
New Zealand China Strategy
New Zealand China Free Trade Agreement
• Since October 2008, bilateral trade has increased
50% - NZ exports have increased 150%.
• Preferential tariff rates resulted in duty savings of
NZ $130 million over the last two years.
• Over 90% of tariff lines duty free since Jan 2012.
• Keen for business feedback on challenges and
opportunities.
New Zealand China Strategy
OPENING DOORS TO CHINA: NEW ZEALAND’S
2015 VISION
http://www.mfat.govt.nz/NZ-Inc/6-Openingdoors-to-China/index.php
New Zealand China Strategy