FTA upgrade to create momentum for China-New Zealand cooperation By ZHONG NAN and WANG ZHUOQIONG | China Daily | Updated: 2021-02-03 08:58 Share An aerial view of Beibu Gulf Port in Qinzhou, Guangxi Zhuang autonomous region. [Photo/Xinhua] The upgraded free trade agreement between China and New Zealand will generate fresh momentum for further cooperation and boost modern trade in services and regional connectivity activities between the two sides, experts said on Tuesday. The two sides inked an upgrade to their 12-year-old bilateral FTA late last month, on the basis of the Regional Comprehensive Economic Partnership agreement that they signed along with 13 other countries in November.