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Dairy Tariff Removal Benefits New Zealand
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New Zealand's dairy products can now enter China duty-free, with the removal of the last remaining tariffs agreed upon in the free trade deal, expected to bring additional annual tariff savings of approximately NZ$350 million. China, New Zealand's largest trading partner, accounts for half of New Zealand's dairy exports worth about NZ$8 billion annually over the past three years.
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How does this development reflect the economic relationship between China and New Zealand?
How might the removal of tariffs impact the dairy industry in China?
What other benefits does the free trade deal offer for New Zealand's dairy exports?
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