China’s Foreign Minister: Ready to work with New Zealand on upgraded version of the free trade agreement

Chinese Foreign Minister Wang Yi, during his visit to New Zealand on Tuesday, said that “China is ready to work with New Zealand to implement an upgraded version of the China-New Zealand free trade agreement.”

Additional quotes

Two sides should launch negotiations on negative list of service trade as soon as possible, so as to push bilateral cooperation to a new level.

China-New Zealand relations maintain a leading position among China's relations with developed countries.

Market reaction

Despite the upbeat headlines, NZD/USD is losing 0.17% on the day to trade at 0.6071, as of writing.