Trump tariffs
OPINION: Former politicians seem incapable of staying away from the limelight after they retire.
New Zealand is in the process of renegotiating the free trade agreement with China, Prime Minister John Key says.
He told a China Business Summit in Auckland today that FTA has been so massively successful; we have done a lot better than most parties thought.
"We are in the process of renegotiating the FTA. I think it is very important; it is the next milestone."
Chinese ambassador to New Zealand Wang Lutong said we will be the first developed nation to renegotiate a bi-lateral agreement with China.
Key said two-way investment would be very important and the next step in the relationship.
Talking about Fonterra's decision to invest into Chinese infant formula company Beingmate Key said the Chinese company is a massive player and Fonterra is a huge global player. "If you want access to international markets you want integration and you want it fast."
With the infant baby formula, there had been changes from the Chinese Government which had seen some consolidation. He said the market was growing rapidly and there won't be lots and lots of players, there would be a few.
Federated Farmers president Wayne Langford says the 2025 Fieldays has been one of more positive he has attended.
A fundraiser dinner held in conjunction with Fieldays raised over $300,000 for the Rural Support Trust.
Recent results from its 2024 financial year has seen global farm machinery player John Deere record a significant slump in the profits of its agricultural division over the last year, with a 64% drop in the last quarter of the year, compared to that of 2023.
An agribusiness, helping to turn a long-standing animal welfare and waste issue into a high-value protein stream for the dairy and red meat sector, has picked up a top innovation award at Fieldays.
The Fieldays Innovation Award winners have been announced with Auckland’s Ruminant Biotech taking out the Prototype Award.
Following twelve years of litigation, a conclusion could be in sight of Waikato’s controversial Plan Change 1 (PC1).
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