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Breaking the South-South FTA Mould: Why China ‘Went OECD’ with New Zealand?

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  • Fernando M. Schmidt Hernandez

Abstract

China and New Zealand were able to sign a Free Trade Agreement (FTA) in 2008, in spite of the large differences in standards under which they were respectively negotiating trade agreements in the international arena. This article starts with a descriptive analysis of these differences between each country’s standards in terms of FTA quality. With the description of these standards, which seem to stand on opposite sides of a continuum, we examine why China and New Zealand decided to forego the standards under which they had negotiated previous agreements in order to find a middle ground. This process of convergence showcases how the interests of both parties moved them towards the adoption of a middle ground which enabled them to negotiate a win-win agreement.

Suggested Citation

  • Fernando M. Schmidt Hernandez, 2018. "Breaking the South-South FTA Mould: Why China ‘Went OECD’ with New Zealand?," China Report, , vol. 54(4), pages 421-441, November.
    • Handle: RePEc:sae:chnrpt:v:54:y:2018:i:4:p:421-441
    DOI: 10.1177/0009445518795964
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    References listed on IDEAS

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    1. Hamanaka, Shintaro, 2013. "On the Use of FTAs: A Review of Research Methodologies," Working Papers on Regional Economic Integration 113, Asian Development Bank.
    2. Daniel W. Drezner, 2007. "Bringing the Great Powers Back In, from All Politics Is Global: Explaining International Regulatory Regimes," Introductory Chapters, in: All Politics Is Global: Explaining International Regulatory Regimes, Princeton University Press.
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