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New Zealand has a trade surplus with China. NZ was in the TPPA, but already have a FTA with China. They were trying for one with the US, but the US preferred th
by jpollock 10y ago
New Zealand has a trade surplus with China. NZ was in the TPPA, but already have a FTA with China. They were trying for one with the US, but the US preferred the TPPA. [1][2]
Since the China FTA came into effect, China has replaced the US as NZ's number 1 trading partner. The US is 4th on that list.[3]
Actual graph showing surplus:
[1]http://thediplomat.com/2014/01/feeding-the-dragon-lessons-of-the-new-zealand-china-fta/ http://thediplomat.com/2014/01/feeding-the-dragon-lessons-of...
[2] http://www.stats.govt.nz/browse_for_stats/industry_sectors/imports_and_exports/trade-china-tripled-decade.aspx http://www.stats.govt.nz/browse_for_stats/industry_sectors/i...
[3] http://www.stats.govt.nz/browse_for_stats/snapshots-of-nz/nz-in-profile-2015/trading-partners.aspx http://www.stats.govt.nz/browse_for_stats/snapshots-of-nz/nz...
- qaq 10y agoOK I stand corrected Energy and Food but New Zealand is definitely more an exception then a norm. We are running close to 400b trade deficit with China.