China's economic importance to NZ in 2010 - July 2010

China is a major 21st century partner for New Zealand, the country's economic importance to New Zealand is vast. China is New Zealand's second largest export market, exporting NZ$4.0 billion; they are New Zealand's second largest source of imports at NZ$6.0 billion and also our second largest trading partner with a total of NZ$10.0 billion.

New Zealand already has a good trade relationship with the Chinese and is one of the first developed country to enter many "first" political engagements with China. New Zealand was the first to start and finish World Trade Organisation bilateral negotiations; we're the first to recognise China as a market economy; the first to start and sign the Free Trade Agreement between China and a developed nation; and again this year, New Zealand was the first to sign another FTA with Hong Kong.

Much like the New Zealand "firsts", Biolife New Zealand has established many "firsts" of our own in the Chinese market over the past decade. Biolife's export business contributes to the overall trade between New Zealand and China, especially in the dairy industry. 

Biolife New Zealand is the first to:

• Introduce colostrum products to the Chinese market,
• have one of the products (Healtheries/Peizhi colsotrum powder) to gain the first health certificate from Chinese Authrorities,
• assist in the development of IgG testing method which was adopted by the National Standards for Health Foods in China,
• lastly Biolife NZ is the first and only supplier of colostrum products and pregnancy milk formulas at the World Expo in Shanghai this year.

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