NZ meat industry loses $1.5b annually to non-tariff barriers
Wouldn't it be great if the meat industry could get its hands on the $1.5 billion dollars it's missing out on because of non-tariff trade barriers (NTBs)?
Primary Industries Minister Nathan Guy departed for Paris yesterday on Wednesday for the OECD's Committee of Agriculture Ministerial meeting.
The meeting on April 7 and 8 brings together the Ministers of Agriculture from OECD countries and partner economies to discuss policies to achieve more productive, sustainable and resilient global food systems.
"New Zealand has a special interest in highlighting the role that open and efficient markets play in helping agriculture to sustainably meet global food demands. Substantial reductions in subsidies, opening up of markets, and more efficient use of resources are all important," says Guy.
"The outcome of the meeting will provide the broad direction for the OECD's agricultural research programme and policy advice for the next 5-10 years."
In addition to taking part in Ministerial discussions, Guy will also facilitate a group discussion and speak at the Ministerial dinner.
Guy's visit will also focus on progressing a free-trade agreement with the European Union. He will be meeting in Paris with counterparts from a number of EU Member States, and will then travel to Germany for meetings with agriculture sector representatives.
"The EU is a key bilateral partner, and building a comprehensive partnership that includes a free trade agreement is a longstanding objective for New Zealand.
"This visit is an opportunity to continue to build understanding of New Zealand's role in international agricultural trade and investment, and the mutual benefits of a potential FTA for sectors and agri-businesses in both the EU and New Zealand."
The EU is New Zealand's third-largest trading partner, with two-way trade valued at $19.6 billion in goods and services in the year to June 2015.
"The benefits of an EU-NZ FTA would include establishing a modern, comprehensive foundation to grow economic and trade opportunities in areas ranging from primary products to capital equipment, manufactured goods, services, innovation and investment.
"It would also level the playing field for New Zealand and EU companies operating in each other's markets, and contribute to a diversified range of markets and sources of investment for New Zealand."
Guy returns to New Zealand on April 13.
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