New Zealand Prime Minister Helen Clark and German Foreign Minister Joschka Fischer signed an official co-production treaty between the two countries Feb. 11 at the Berlin International Film Festival.

(The Hollywood Reporter) -- New Zealand Prime Minister Helen Clark and German Foreign Minister Joschka Fischer signed an official co-production treaty between the two countries Feb. 11 at the Berlin International Film Festival.

Formal co-production treaties allow producers to access benefits like subsidies available to local filmmakers in each country.

"It also means that, where applicable, an official co-production will have access to the same distribution incentives and opportunities as national films," Clark said. "This means that New Zealand/German co-productions will qualify as local content in Germany and throughout the European Union."

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