9 Apr 2013, Tuesday
John Key embarks on his visit to China, aiming to build on two notable milestones in trade and diplomatic relations between the two countries. The visit marks five years since the two countries signed a free-trade agreement - the first such deal that China signed with any country - which has seen trade triple.
After the Boao forum, Mr Key heads a large New Zealand delegation for face-to-face meetings, focusing on three key export areas: trade, tourism and education. The New Zealand Government's NZ Inc China strategy plans to double two-way goods trade with China to $20b by 2015. It is New Zealand's second-largest bilateral trading partner, taking more than 12 per cent of total exports at $6.9b last year and supplying 15.8 per cent of imports.
So far Chinese investment in New Zealand had been focused on dairy.