New Zealand - China trade agreement
Wednesday 25 Oct 2017New Zealand and China to expand timber trade - Recently a memorandum of understanding was signed between the New Zealand Wood Products Manufacturing Association (WPMA) and the China Timber and Wood Products Distribution Association (CTWPDA) aimed at promoting timber trade and technology cooperation.
In the first half of 2017, China imported 6.2 million cubic metres of logs from New Zealand valued at US$802 million, a year on year increase of 10% in volume and 21% in value. Over the same period China imported 192,100 cubic meters of sawnwood from New Zealand valued at US$49.35 million, year on year increase of 14% in volume and 16% in value.
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