increase font size
DCANZ chairman Malcolm Bailey.
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.
Six industry organisations, including DairyNZ and the Dairy Companies Association (DCANZ) have signed an agreement with the Ministry for Primary Industries (MPI) to prepare the country for a potential foot and mouth outbreak.
Alliance Group and Grand Farm have signed a strategic co-operation agreement with a focus on delivering more premium New Zealand grass-fed beef to Chinese consumers.
Chinese textile company Saibosi has partnered with Wools of New Zealand to put the 'farm to floor' story of New Zealand wool rugs on screen for its customers.
OPINION: The appendage swinging contest between the US and China continues, with China hitting back with a new rate of 125% on the US, up from the 84% announced earlier.
OPINION: The world is bracing for a trade war between the two biggest economies.
Newly elected Federated Farmers meat and wool group chair Richard Dawkins says he will continue the great work done his predecessor Toby Williams.
Hosted by ginger dynamo Te Radar, the Fieldays Innovation Award Winners Event put the spotlight on the agricultural industry's most promising ideas.
According to DairyNZ's latest Econ Tracker update, there has been a rise in the forecast breakeven milk price for the 2025/26 season.
Despite the rain and a liberal coating of mud, engines roared, and the 50th Fieldays Tractor Pull Competition drew crowds of spectators across the four days of the annual event.
Nationwide rural wellbeing programme, Farmstrong recently celebrated its tenth birthday at Fieldays with an event attended by ambassador Sam Whitelock, Farmers Mutual Group (FMG), Farmstrong partners, and government Ministers.
Six industry organisations, including DairyNZ and the Dairy Companies Association (DCANZ) have signed an agreement with the Ministry for Primary Industries (MPI) to prepare the country for a potential foot and mouth outbreak.
OPINION: It's official, Fieldays 2025 clocked 110,000 visitors over the four days.
OPINION: The Federated Farmers rural advocacy hub at Fieldays has been touted as a great success.
