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RCEP trade deal and top 3 ranking in 11/11 sales. 18/11 meeting should be exciting.
NZ has an FTA with China already, recently upgraded.
I can't quite work out what the HS code is for infant formula, but might be 1901.10.20 or 1910.10.10.
Looks like China is already tariff free? And has been for some years? https://www.tariff-finder.govt.nz/#159001146|CN but will benefit with those other signatories of the new agreement.
I believe it h
I believe it helps. Due to China being one of A2s largest importers. Links between Chinese and New Zealand dairy industry and talks of tariffs being cut on agriculture could only promote the use of products between the 9/10 (India) ASEAN countries, it can only help bolster the fair trading and scrap all the worry of New Zealand's place during the US/China trade war fight for a short while (at least till we see where that one plays out in the foreseeable future)
Now they've signed the agreement it can only consolidate the likability that A2 will have more room to move in China as long as the company keeps running in the right direction of producing, advertisement and management.
Then again I could be speaking utter rubbish as who knows during these current times.
I would only hope that this agreement helps with a more sustainable fair trade and helps create better links between the counties.
In the end thats what the Share Trader form is for to share opinions and at least have a solid agreement or someone give you a better perspective on something, they may understand better.
https://www.farmonline.com.au/story/...tralian-dairy/
https://www.interest.co.nz/rural-news/107541/rabobank-points-out-significant-diversification-our-dairy-trade-away-china-will-be
We can also possibly look forward to reaching beyond China