New Zealand's export earnings are expected to be boosted by hundreds of millions of dollars a year under the Free Trade Deal (FTA) with China that comes into force on Wednesday.
Chinese tariffs on Kiwi goods will gradually reduce and the government expects 96% of our exports to be tariff-free within the next decade.
Trade Minister Phil Goff said the new Free Trade Agreement offered great opportunities for New Zealanders moving into the world's fastest growing market.
But he also warned of risks.
"... but there are risks, as well risks of working in a different business environment, different culture different rules different language," said Goff.
Goff also warns that New Zealand joint venture investors need to learn from Fonterra's experience in the wake of the milk powder scandal in China and make sure they have control over production and marketing.
