NZ Red Meat Exports Hit $867m in August, Up 23%
New Zealand's red meat and fifth-quarter exports reached $867 million in August, up 23% on the same month last year, as stronger returns lifted earnings across all major markets.
Dairy has huge potential within the 16-country Regional Comprehensive Economic Partnership (RCEP) trade agreement, says Agriculture and Trade Minister Damien O’Connor.
“This is half the world’s population, so while we may be big exporters we are 2% of global dairy production, so the potential for us to place high value dairy products into at least 15 other countries is huge,” O’Connor told Dairy News.
O’Connor was in the Philippines last week for RCEP negotiations and he also attended the East Asia Summit and the ASEAN Economic Ministers meetings.
One of the meetings he held with other government counterparts included “a very positive financial meeting” with Indian Commerce Minister Piyush Goyal.
“A lot of good work on a financial basis is occurring between New Zealand and India,” O’Connor said. “We are assisting Indian apple growers in the north of India and there are connections with the dairy industry.
“But as a country with the biggest dairy industry in the world India is very mindful of our focus on exports of dairy into their market. It is a very sensitive issue for them.
“It is very important we emphasise the size of our industry relative to theirs, and that we would only be putting into their market high value products which would assist their dairy industry to innovate.”
Dairy related goods and agribusiness services are potential exports, O’Connor says.
“A joint venture in dairy processing might have potential. We are committed to investigate many possibilities of cooperation.”
In countries with strong growth, RCEP opens the door also to huge opportunities in services and e-commerce.
RCEP is building momentum towards an agreed target of the end of 2019 for conclusion and 2020 for signing, says O’Connor.
“All countries are actively engaged and finalising some of the details on the bilateral issues. Obviously there are still some issues to be resolved between some of the major players but everyone is committed to attempting to complete this deal by the end of the year.
“There will be outstanding issues that will be put to one side. But a substantive agreement will be a huge step for international trade if we can do this.”
Ministers provide the mandate for negotiators to follow through.
Honest, fair and upfront
Maintaining strong relationships with all countries is really important at a time of such uncertainty in Europe, UK and the US, says O’Connor.
“We have a reputation for being honest, fair and upfront. It is important that we continue at these forums to do that.”
O’Connor also attended the East Asia summit which included representatives from Russia, US and officials and ministers from countries around the world.
“Every meeting is valuable and keeps New Zealand front of mind for our trading partners and from a diplomatic perspective as well.”
Farmers are being encouraged to rethink how they manage waste on farm with the launch of ruralwastesorted.co.nz, a new website bringing together practical tips, real farmer experiences and resources.
New Zealand Winegrowers (NZW) is celebrating the India-New Zealand Free Trade Agreement (FTA) coming into force today, bringing New Zealand wine improved access to one of the world’s fastest-growing economies.
New Zealand’s red meat sector has welcomed the India-New Zealand Free Trade Agreement taking effect, which removes India’s 33% tariff on New Zealand sheepmeat.
More than 95 per cent of New Zealand’s forestry and wood exports to India can now enter tariff free as the New Zealand-India Free Trade Agreement comes into force today.
Federated Farmers is backing Feilding High School’s call to keep Agriculture and Horticultural Science as a standalone subject in Year 11.
Food and fibre exports have returned a billion- dollar bonus to the country.
OPINION: It seems Canterbury processor Synlait is still in the doldrums.
OPINION: Get offside with New Zealand First leader Winston Peters at your own peril.