India FTA Removes 33% Tariff on NZ Sheepmeat
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.
At Open Country Dairy's new butter plant opening last month, company chair Laurie Margrain had a swipe at the Government.
He told suppliers and industry leaders at the plant opening that the EU free trade deal has a bucket quota.
"And our $50 million investment has been locked out of that for the next few years because the quota's been based upon what we sold to Europe in the previous three years. So, we didn't have a butter plant.
"Now we've got a butter plant, a $50 million butter plant, and we can't sell to Europe."
Read More:
- Open Country opens butter plant
- Buttery prize
- Open Country Dairy prepares to launch first commercial butter
