Companies based in China are investing in Australia and New Zealand's agricultural sectors as they pursue a larger foothold in these lucrative markets through favorable policies offered by bilateral free trade agreements.
Korea and New Zealand on Monday initialed their free trade agreement, negotiations for which concluded on Nov. 15, the Ministry of Trade, Industry and Energy said.
Concerns have been voiced for the Irish dairy farmers as New Zealand pushes for a Free Trade Agreement (FTA) with the EU by Sean Kelly MEP for Ireland south.
New Zealand and South Korea have concluded a free-trade agreement that's expected to cut into export tariffs in the nation's sixth-largest export market that currently run to about $230 million a year.