Trade experts warn of US tariff risks to NZ exports
Two leading New Zealand trade experts warn that the 15% tariff slapped by the US shouldn't be taken lightly.
NEW ZEALAND'S middle-of-the-road 'space' in export markets has a potential three billion people, Trade Minister Tim Groser says.
"Our space in the market has not been always at the absolute top end. That's for Louis Vuitton and companies like that," he said at the recent opening of dairy-based manufacturing and marketing company New Image Group's new $10 million plant at Penrose, Auckland.
"It certainly isn't at the low end – it's that middle... [where] we do well, whether it is tourism, education or food and beverages. That's New Zealand's space and it's a very good space to be in.
"We now have through the extraordinary economic development occurring in emerging Asia, a middle class that is our market and it did not really exist in a meaningful way until recently.
"It is now about 500 million and all the projections tell us that as soon as 2030... that's going to be 3 billion people.
"That is our market; China is the single most important part of that. I am also very conscious of other great countries like India, Indonesia, Philippines – all of these other countries have a great future ahead of them."
Groser jointly opened the new plant with New Image executive chairman Graeme Clegg.
Among new capabilities of New Image's Penrose plant is HPP technology used to manufacture its new health drink called Col + colostrums to add to the company's range of colostrum-based health products
Alliance has announced a series of capital raise roadshow event, starting on 29 September in Tuatapere, Southland.
State farmer Pāmu (Landcorp) has announced a new equity partnership in an effort to support pathways to farm ownership for livestock farm operators.
Following a recent overweight incursion that saw a Mid-Canterbury contractor cop a $12,150 fine, the rural contracting industry is calling time on what they consider to be outdated and unworkable regulations regarding weight and dimensions that they say are impeding their businesses.
Trade Minister Todd McClay says his officials plan to meet their US counterparts every month from now on to better understand how the 15% tariff issue there will play out, and try and get some certainty there for our exporters about the future.
Brett Wotton, an Eastern Bay of Plenty kiwifruit grower and harvest contractor, has won the 2025 Kiwifruit Innovation Award for his work to support lifting fruit quality across the industry.
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