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Trade Minister Todd McClay.
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.
The pair met at the recent WTO Ministerial Conference in Abu Dhabi where McClay launched a public consultation for a trade agreement between the two countries. Exploratory discussions on what is called a Comprehensive Economic Partnership Agreement (CEPA) - or effectively an FTA - began last September with two virtual discussions between officials held in December and February.
McClay says the UAE is a top-20 export market for NZ and our largest market in the Middle East, with exports increasing 17% to $1.2 billion in the last year. He says an FTA with the UAE could bring opportunities to enhance our bilateral cooperation and grow our trading relationship.
The UAE is one of the wealthiest countries in the world on a per-capita basis, with an increasingly diversified economy built on financial services, logistics, transport and petroleum. The UAE has started pursuing bilateral CEPAs since 2021, five of which have entered into force. That country is an important hub for NZ and a key component of our connectivity to the region and beyond, particularly in the aviation and maritime sectors.
A function at Parliament on 7th October brought together central government decision-makers, MPs, industry stakeholders and commercial partners to highlight the need for strategic investment in the future of Fieldays and its home, the Mystery Creek Events Centre campus.
Opening a new $3 million methane research barn in Waikato this month, Agriculture Minister Todd McClay called on the dairy sector to “go as fast as you can and prove the concepts”.
New Zealand’s trade with the European Union has jumped $2 billion since a free trade deal entered into force in May last year.
Agriculture and Forestry Minister, Todd McClay is encouraging farmers, growers, and foresters not to take unnecessary risks, asking that they heed weather warnings today.
The Government has announced it has invested $8 million in lower methane dairy genetics research.
The Ashburton-based Carrfields Group continues to show commitment to future growth and in the agricultural sector with its latest investment, the recently acquired 'Spring Farm' adjacent to State Highway 1, Winslow, just south of Ashburton.
New Zealand First leader and Foreign Affairs Minister Winston Peters has blasted Fonterra farmers shareholders for approving the sale of iconic brands to a French company.
A major feature of the Ashburton A&P Show, to be held on October 31 and November 1, will be the annual trans-Tasman Sheep Dog Trial test match, with the best heading dogs from both sides of the Tasman going head-to-head in two teams of four.
Fewer bobby calves are heading to the works this season, as more dairy farmers recognise the value of rearing calves for beef.
The key to a dairy system that generates high profit with a low emissions intensity is using low footprint feed, says Fonterra program manager on-farm excellence, Louise Cook.
Rural retailer Farmlands has reported a return to profitability, something the co-operative says shows clear progress in the second year of its five-year strategy.
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