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Chinese Premier Li Keqiang continues his visit to New Zealand. Today he visited the Fisher and Paykel Research Centre, and attended a cultural activity in Auckland. Fisher and Paykel is a well-known household appliance company in New Zealand. In 2012, Chinese major manufacturer purchased over 90 percent of the company.
Premier Li Keqiang and Prime Minister Bill English have agreed to improve trade ties. Li told the media following talks on Monday that the two sides agreed to upgrade their free trade agreement, which took effect in 2008. Li said upgrading the FTA will promote the development of bilateral economic and trade ties, and better benefit the two peoples.
Li said the China-New Zealand FTA is one of the highest-standard agreements signed between China and developed countries. He said bilateral trade growth has outpaced their economic growth.
