New Zealand to sign China trade deal

New Zealand’s prime minister said today she would sign a groundbreaking free trade agreement with China on April 7 at Beijing’s Great Hall of the People.

The deal – which will give New Zealand access to the world’s fastest-growing economy – is expected to boost exports to China by up to 400 million New Zealand dollars (€201m) a year.

“This is a significant event for both New Zealand and China,” said prime minister Helen Clark, adding that details of the agreement would be released publicly after the signing ceremony.

After the pact is signed, it will have to be formally ratified in New Zealand’s parliament.