India FTA Removes 33% Tariff on NZ Sheepmeat
New Zealand’s red meat sector has welcomed the India-New Zealand Free Trade Agreement taking effect, which removes India’s 33% tariff on New Zealand sheepmeat.
The strong results are highlighted in Horticulture New Zealand and the New Zealand Horticulture Export Authority (HEA)’s report New Zealand Horticulture – Barriers to Our Export Trade which is supported by the Ministry of Foreign Affairs and Trade and NZ Fruitgrowers Charitable Trust.
“Horticulture is a star performer of the New Zealand economy with export revenue just under $5 billion, making it one of our most important industries,” says Guy.
“The report highlights that tariffs on exported produce have come down by 22% since 2012, which is good news but there is still more to be done. Reducing tariffs and non-tariff barriers are a big priority for the Government.
“Horticulture has a goal of being a $10 billion industry by 2020 and they are well on the way. They are now New Zealand’s fourth largest export industry and employ 60,000 people in New Zealand.
“It’s very fitting for this report to be released on the day when Horticulture New Zealand is celebrating 100 years of representing growers, starting as the New Zealand Fruitgrowers Federation in 1916.
“This week we are also likely to see the Horticulture Export Authority Amendment Bill pass it’s final reading, providing a framework for producers and exporters to collaborate in export marketing their products.”
The executive summary of the report is available on the Horticulture Export Authority website.
