increase font size
Trade Minister Todd McClay said TPP is a free trade agreement in that it frees up trade.
Facing criticism on the deal for dairy in particular, Trade Minister Todd McClay said TPP is a free trade agreement in that it frees up trade.
"We were ambitious particularly in the area of dairy and would have seen greater liberalisation and better access for New Zealand dairy farmers into these markets," he said at the Auckland TPP roadshow.
"We didn't achieve all that.... But we need to remember dairy is still one of the most protected and regulated industries in the world."
After all these years they are starting to get better access to the US, the world's largest economy, for dairy and other produce.
"If you are asking whether we think that is it and we don't have to worry about dairy and other industries around the world, the answer is no. NZ will always argue for greater liberalisation in all these areas."
But if they don't go into the TPP agreement, restrictions would be higher on all exporters. Ninety five percent of our exports will be covered by free trade without restriction when TPP enters into force.
McClay says they will use the whole of this year for the parliamentary stage of the process. Previous trade agreements have moved through Parliament much faster.
This was NZ's largest and most beneficial agreement and had two years to enter into force, he said. They have time to work through the legislative stages, which are likely to be quite technical particularly on the copyright issue.
OPINION: New Zealand's dairy exports have been the backbone of the country's economy for several decades, and exports remain buoyant despite pandemic-era disruptions and impending downturns in East Asia in the next few years.
Talk the language of business when communicating the benefits of Free Trade Agreements (FTAs) - that's the message to the Government and its officials from public and international trade law expert Sarah Salmond.
OPINION: Even before the National-led coalition came into power, India was very much at the fore of its trade agenda.
A trade deal with the United Arab Emirates has moved a step close following a meeting between NZ's Trade Minister Todd McClay and UAE Trade Minister Dr Thani bin Ahmed Al Zeyoudi.
ANYTHING GOOD for Australia is in the long run good for New Zealand. That’s the reaction of Trade Minister Tim Groser to the news that Australia has signed a free trade agreement with China, and to speculation that their FTA with China is better than NZ’s, especially regarding dairy products.
As the New Zealand Dairy Industry Awards night unfolded, it became evident that Waikato’s Thomas and Fiona Langford were the frontrunners for the biggest prize of the night – the 2025 Share Farmers of the Year award.
New Zealand’s dairy sector cannot expect India to be a market for all its dairy products.
Meat processor ANZCO Foods’ net profit has plunged on the back of lower market returns which squeezed margins and impacted business performance.
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.
OPINION: The good fight against "banking wokery" continues with a draft bill to scrap the red tape forcing banks and…
OPINION: Despite the volatility created by the shoot-from-the-hip trade tariff 'stratefy' being deployed by the new state tenants in the…
