Opening Doors in China

1. New Zealand China Strategy Opening Doors in China

2. New Zealand China Strategy The Government NZ Inc strategies • Set goals and priorities for New Zealand’s key country and regional relationships • Coordinate government efforts • Boost New Zealand’s growth • Target key markets • Engage and support business

3. New Zealand China Strategy Why China? • World’s second largest economy – still growing relatively fast; major influencer in Asia Pacific region • By 2016 China could be the world’s largest economy • By 2025 China is likely to be New Zealand’s largest economic partner • We need to identify opportunities now for future growth • NZ’s relationship with China is crucial to delivering on government’s Economic Growth Agenda

4. New Zealand China Strategy

5. New Zealand China Strategy New Zealand’s China challenge • To translate excellent political ties and a trading framework into tangible benefits for New Zealand. • To utilise our strong levers – China New Zealand FTA (2008), four firsts, knowledge and connections

6. New Zealand China Strategy

7. New Zealand China Strategy The vision for 2015: “New Zealand and China have strong and resilient economic, political and people to people relationships which have stimulated New Zealand’s innovation, learning and economic growth.”

8. New Zealand China Strategy Goal 1 - Retain and build a strong and resilient political relationship with China • Importance of political relationship • Ministerial visit programme – especially in context of 40th anniversary • Establishment of NZ China Council

9. New Zealand China Strategy Goal 2 - Double two way goods trade with China to NZ$20 billion by 2015 • NZ exports have tripled since FTA • Underpinned by commodity growth • Development of higher value products and services. • NZTE focus on high growth companies project and priority sectors.

10. New Zealand China Strategy Goal 3 - Grow services trade with China, education by 20%, tourism by 60%, by 2015 • High value, profitable non-commodity growth • Education market analysis and develop targeted branding and promotion campaign • Support and facilitate expanded air links

11. New Zealand China Strategy Goal 4 - Increase bilateral investment to levels that reflect the growing commercial relationship with China • Current levels low, room for growth • Creation ofInvestment advisory positions based in China

12. New Zealand China Strategy Goal 5 - Grow high quality science and technology collaborations with China to generate commercial opportunities • Commercially-focused initiatives under the NZ China Strategic Research Alliance. • Lanzatech – NZ technology and Chinese capital in commercial venture

13. New Zealand China Strategy Cross-cutting Value Proposition: Develop and Protect the New Zealand brand • Safe food • World-beating tourism • Tikanga Maori

14. New Zealand China Strategy Ministry of Foreign Affairs and Trade Role: • Protect and promote New Zealand's interests in China • Leadership role for the official relationship – onshore and offshore • China Strategy Coordination • 40th Anniversary • Opening doors for business

15. New Zealand China Strategy New Zealand China Free Trade Agreement • Since October 2008, bilateral trade has increased 50% - NZ exports have increased 150%. • Preferential tariff rates resulted in duty savings of NZ $130 million over the last two years. • Over 90% of tariff lines duty free since Jan 2012. • Keen for business feedback on challenges and opportunities.

16. New Zealand China Strategy OPENING DOORS TO CHINA: NEW ZEALAND’S 2015 VISION http://www.mfat.govt.nz/NZ-Inc/6-Opening-doors-to-China/index.php

17. New Zealand China Strategy