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Trade Minister David Parker.
NZ exporters are among the first to benefit from the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) which took effect at the beginning of the new year.
Minister for Trade and Export Growth David Parker says the CPTPP provides NZ with trade agreements for the first time with three big economies -- Japan, Canada and Mexico. He says tariffs in those countries will start to reduce immediately, giving a further boost to the competitiveness of NZ products in those markets.
“When Vietnam joins the agreement on January 14, 2019 it will make an immediate double tariff cut to catch up. Japan’s second tariff cut will take place three months later on April 1.
“The CPTPP has the potential to deliver an estimated $222 million of tariff savings to NZ exporters annually once it is fully in force, with almost half of that ($105m) now available in the first 12 months. This will benefit NZ workers and businesses from Kaitaia to Bluff.”
Parkers says Bay of Plenty, which produces 79% of NZ’s kiwifruit and is our largest producer of avocados, stands to gain as tariffs disappear immediately across the CPTPP region.
A new Indonesian school milk programme is expected to significantly increase the country's total dairy consumption, creating opportunities for New Zealand and other global dairy players.
Horticultural prices are set to remain elevated this year, reflecting the balance between demand in key export markets and an increase in supply.
New Zealand's red meat exports for 2024 finished on a positive note, with total export value increasing 17% over last December to reach $1.04 billion, according to the Meat Industry Association (MIA).
Non-tariff trade measures (NTM) remain a problem for NZ exporters, according to Horticulture Export Authority (HEA) chief executive Simon Hegarty.
Trade Minister Todd McClay has used a meeting of the CPTPP hosted by Canada to take that country to task for defiantly refusing to open up its dairy market to NZ.
Two butcheries have claimed victory at the 100% New Zealand Bacon & Ham Awards for 2025.
A Taupiri farming company has been convicted and fined $52,500 in the Hamilton District Court for the unlawful discharge of dairy effluent into the environment.
The Climate Change Commission’s 2025 emissions reduction monitoring report reveals steady progress on the reduction of New Zealand’s climate pollution.
Another milestone has been reached in the fight against Mycoplasma bovis with the compensation assistance service being wound up after helping more than 1300 farmers.
The Government’s directive for state farmer Landcorp Farming (trading as Pamu) to lifts its performance is yielding results.
The move to bring bovine TB testing in-house at Ospri officially started this month, as a team of 37 skilled and experienced technicians begin work with the disease eradication agency.
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