Blank Canvas rides white wine wave as New Zealand wine sales soar in China
If you find a new consumer in a developed wine market, you are taking them from someone else, says Blank Canvas co-founder Sophie Parker-Thomson MW.
Dairy Companies Association of New Zealand (DCANZ) has welcome the announcement that New Zealand and China are commencing negotiations towards a Free Trade Agreement (FTA) upgrade.
The New Zealand China FTA has supported the development of dairy trade and dairy related investment between New Zealand and China over the last eight years.
DCANZ says it is pleased that both governments have committed to exploring how this framework can be further enhanced.
“DCANZ’s priority is for more comprehensive coverage of trade during the period of transition to full tariff elimination for dairy products in 2024, in recognition of strong Chinese import demand,” said DCANZ chairman Malcolm Bailey.
DCANZ says the New Zealand China FTA is a high quality agreement, which features a complete elimination of all import tariffs on all dairy products in 2024.
However, current transition arrangements mean less than a quarter of the dairy products that China is importing from New Zealand are receiving tariff reductions.
DCANZ says the rapid expansion of Chinese consumer demand for dairy products was not anticipated when the agreement was originally negotiated.
“Extending the coverage of tariff preferences will reduce tariff related costs for Chinese consumers. It will also ensure that New Zealand exporters do not end up at a tariff disadvantage to Australian exporters as we transition towards tariff elimination,” said Bailey.
The Australia China FTA does not feature the same quantitative limits on tariff preferences for butter and skim milk powder.
Imported dairy products play an important role in complementing local production to meet Chinese consumers demand for dairy nutrition.
“Despite the expansion in both domestic production and imports over the last decade, Chinese [per capita] dairy consumption remains low. It’s around half of the Asian consumption average and a third of the global average dairy consumption level,” said Bailey.
New Zealand exported NZ$2.77 billion of dairy products to China in 2015.
An independent report, prepared for Alliance farmer shareholders is backing the proposed $250 million joint venture investment by Irish company Dawn Meats Group.
Whangarei field service technician, Bryce Dickson has cemented his place in John Deere’s history, becoming the first ever person to win an award for the third time at the annual Australian and New Zealand Technician of the Year Awards, announced at a gala dinner in Brisbane last night.
NZPork has appointed Auckland-based Paul Bucknell as its new chair.
The Government claims to have delivered on its election promise to protect productive farmland from emissions trading scheme (ETS) but red meat farmers aren’t happy.
Foot and Mouth Disease outbreaks could have a detrimental impact on any country's rural sector, as seen in the United Kingdom's 2000 outbreak that saw the compulsory slaughter of over six million animals.
The Ministry for the Environment is joining as a national award sponsor in the Ballance Farm Environment Awards (BFEA from next year).
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