(MENAFN- Qatar News Agency) The Economic Cooperation Agreement between New Zealand and the Separate Customs Territory of China's Taiwan, Penghu, Kinmen and Matsu (Chinese Taipei) will come into force on December 1.
New Zealand's Trade Minister Tim Groser said the agreement, known as ANZTEC, delivered complete removal of tariffs on 99% of New Zealand 's current exports to Chinese Taipei, and 100 percent within 12 years, according to China's (Xinhua) News Agency
New Zealand exporters will benefit immediately from preferential tariff access, giving them a key competitive advantage in an important and affluent market of 23 million people, " Groser said in a statement
he agreement would lead to tariff savings of almost 40 million NZ dollars about (33.37 million US dollars) on current trade
Virtually all New Zealand dairy exports, including milk powder, cheese and butter, and all New Zealand apple, cherry and wine exports would be duty-free on entry into force
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