New Zealand PM Luxon says disruption is a reason to deepen China trade ties
New Zealand Prime Minister Christopher Luxon said ongoing global disruption is a reason to deepen trade ties with China. Luxon said China remained New Zealand's biggest market but was going through what he called a « very important shift ».
New Zealand Prime Minister Christopher Luxon said ongoing disruption in global trade is a reason to deepen ties with China rather than pull back.
Luxon said China remained New Zealand's largest export market, but that its economy was going through what he called a « very important shift ». The prime minister stressed that exporters would need to adapt to that change.
The comments come as many countries try to diversify their trade routes. Analysts say access to the Chinese market remains critical for New Zealand's agriculture-driven economy, while warning that dependence on a single market also carries risks.
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