New Zealand and China has free trade agreement

CCTV-4 reports on April 9, 2008: Free trade agreement between New Zealand,a developed nation in East Asia and China,a developing nation in East Asia, has been signed to promote economic and other corroborating activities for mutual benefit. Such opportunity deserves close attention re US-China economic relations as a follow-up of Henry Kissinger's insights re the drift of the center of gravity of international affairs from the Atlantic to the Pacific Ocean as published by the Washington Post, April 7, 2008. USA is also a Pacific nation as I pointed out in my previous blog and New Zealand is already moving ahead to have economic competition with China for exports of milk products and other trading activities. It is also noted that Chinese exports would enter New Zealand re the new favorable conditions under competition for the market economy. Since competitive marketing is essential or even critical for the United States economy especially under the present slowdown. I would envision the authorities to take similar action to benefit the American economy. Needless to say,consumers in USA and in China would be affected for positive course of action under the law of comparative advantage in the 21st century. Francis Shieh a.k.a. Xie Shihao. April 8, 2008 at 9.40 p.m.