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Economics & Trade

New Zealand, China hopeful for FTA pact

Visiting New Zealand Prime Minister Helen Clark, after meetings with Chinese President Hu Jintao and Premier Wen Jiabao, said her country wants to become the first developed country to sign a free-trade deal with China, state media reported. After three rounds of FTA talks that began last December, Clark said she is confident that China wants to push through the agreement, but cited China's protected dairy industry and New Zealand's tariffs on textiles and footwear as sticking points. Wen said he is committed to co-operation by both sides in agriculture, forestry, energy and resource exploitation.

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