New Zealand Dairy Products Enter China Duty-Free

New Zealand's dairy products can enter China duty-free as a result of the New Zealand-China Free Trade Agreement, which was first negotiated in 2008. The removal of tariffs on milk powder is expected to deliver additional annual tariff savings of approximately NZ$350 million. With China being New Zealand's largest trading partner, the country has seen an average of 1.4 million tonnes of annual dairy exports to China, worth around NZ$8 billion each year over the past three years, around half of which was milk powder.