Make it 1000%!
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.
Trade minister Todd McClay says he's received strong assurances that New Zealand's trade interests will not be adversely affected as a result of the Brexit vote.
McClay, in China for the G20 meeting of world trade ministers, met the EU trade commissioner Cecelia Malmström and other trade and economic ministers from Germany, France, Spain, Italy and the Netherlands. McClay says Malmström confirmed that NZ remains on track to negotiate an FTA with the EU.
"Considerable effort has been put in by both sides over the past few years as a high quality trade agreement is in all parties' interests," he told Rural News.
"We have a lot in common with the EU, including working toward further trade rules on agriculture, SMEs and services in the World Trade Organisation. This cooperation will continue, as will our access to the EU market, valued at $8.6 billion per year."
He says all parties spoke of the need for calm reflection and orderly discussions on trade.
McClay also met the UK trade minister, at the time Lord Price, and told him that NZ was interested in negotiating a two-party trade agreement with the UK once Britain was in a position to do so.
"Timing of a [two-party] agreement would depend on discussions the UK must first have with the EU, but we agreed it is in the interests of the UK and New Zealand to negotiate a high-quality agreement.... I have confirmed the NZ government will work with the UK on trade matters and look for opportunities to cooperate as soon as possible," he says.
At the G20 meeting McClay spoke to his counterparts from Argentina, US, Korea, Saudi Arabia, Indonesia, Mexico, Laos, Russia and China.
"The diversity of NZ trade means we are active in a wide range of markets. This meeting was an invaluable opportunity to progress our specific bilateral trade issues with these countries," he says.
OPINION: Most people will be aware of the Government's plans to boost coal, oil and gas production to meet energy requirements.
AgriZeroNZ has entered a new partnership with Britain's national innovation agency, Innovate UK.
Twenty rural community hubs across New Zealand will receive $5,000 to upgrade their facilities having been selected as the winners of Rabobank's Community Hub Competition.
As the dairy industry prepares to celebrate its top achievers at an awards night this Saturday, attendees are being warned to be aware of protests planned outside the venue – Baypark Arena, Mount Mauganaui.
Beef + Lamb New Zealand (BLNZ) says the release of New Zealand's latest Greenhouse Gas Inventory clearly shows agriculture is playing its part in emissions reductions and there is no need for a price on agricultural emissions.
While opening the first electrode boiler at its Edendale site, Fonterra has announced a $70 million investment in two further new electrode boilers.
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