As leaders prepare for this year’s Asia-Pacific Economic Cooperation (APEC) meeting in Peru 🇵🇪, China and New Zealand are milking their growing economic partnership for all it’s worth! Fresh off a $25 billion bilateral trade milestone in 2022, Kiwi dairy products now enjoy duty-free access to the Chinese mainland – a sweet deal for both sides. 🐮📈
New Zealand exports over 1.4 million tonnes of dairy goods to China annually, with milk powder alone making up half of the $4.83 billion trade value. 🥛💼 \"This isn’t just about economics – it’s about trust,\" one Wellington entrepreneur told CGTN, highlighting how these \"firsts\" in cooperation are reshaping regional trade dynamics.
With APEC members like China and NZ pushing for greener, tech-driven growth, young professionals are buzzing about sustainability partnerships. Could blockchain-tracked organic milk or carbon-neutral supply chains be next? 🌱💡
Reference(s):
I'm from APEC: What issues are New Zealanders concerned about?
cgtn.com
