Positive first year for ZAG fund
As it enters its second year, Zespri says the first year of the Zespri Innovation Fund (ZAG), has been “really positive”.
The TPP will generate significant value for the New Zealand kiwifruit industry, says marketer Zespri.
The agreement will eliminate tariffs on kiwifruit exports in all 12 Asia-Pacific nations.
The other countries in the agreement – Brunei, Chile, Singapore, USA, Australia, Peru, Vietnam, Malaysia, Mexico, Canada – either do not have tariffs on kiwifruit, have existing free trade agreements with NZ or do not currently import NZ kiwifruit.
Zespri chief executive Lain Jager says the immediate impact will be in Japan, the industry's largest market.
In 2014, the industry paid over $15 million in tariffs into Japan.
"If this tariff relief was passed straight through to New Zealand growers, it would equate to savings of over $1000 for every hectare of kiwifruit grown in New Zealand." say Jager.
Adding, "This tariff elimination will also benefit Japanese consumers by supporting our competitiveness against other fruit in Japan."
Jager says he welcomes further details of the Agreement and he hopes these will help to balance some of the concerns that have surrounded the negotiations.
"The reality is that New Zealand is a small nation reliant on exporting to earn our way in the world and these agreements are vital to our future prosperity as a nation," says Jager.
"This Agreement follows recent successes by the government of New Zealand in achieving tariff elimination through agreements with Korea and Taiwan, and we are grateful for the support of our government in encouraging trade."
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.
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.
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