Since a protocol on upgrading the free trade agreement (FTA) between China and New Zealand officially took effect on April 7, companies have enthusiastically followed relevant procedures to enjoy the benefits brought about by it. The protocol, which was signed by the two sides in January 2021, is based on their FTA signed in 2008, the first of its kind between China and a developed country. The upgrading of the FTA reflects how China continuously promotes high-level opening-up.
“In the past, we can only apply for certificate of origin before shipment or on the day of shipment. Sometimes when the shipping information wasn’t available in time, we couldn’t handle it. Since the FTA has been upgraded, we are able to go through the procedure after shipment, which is much more convenient,” said an executive with a trade company based in Shenzhen, south China’s Guangdong province.
People’s Daily
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