Farmers welcome free trade deal with UAE
New Zealand farmers are welcoming news of a free trade agreement with the United Arab Emirates, a key country in the Gulf region.
Trade and Agriculture Minister Todd McClay says the Government is always working to ensure that our food exporters are treated fairly under trade agreements signed with other countries.
Speaking at the NZ Dairy Industry Awards in Queenstown, he highlighted the simmering trade dispute between NZ and Canada over the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP).
New Zealand initiated the dispute because Canada was not complying with CPTPP rules, blocking dairy exporters' access to its market.
A CPTPP arbitration panel ruled decisively in New Zealand's favour. Canada had until 1 May to change how it administered its tariff quotas - to stop giving its own domestic industry priority access, and to allow exporters to benefit fully from the market access negotiated in good faith between Canada and New Zealand.
McClay says NZ takes its trade obligations seriously and expects other countries to do the same.
"Canada is a great friend of NZ, we work together well around the world, but they must deliver on their obligations," he says. "And on your behalf the government reserves the right to use any instrumental at our disposal."
Federated Farmers says it welcomes the announcement of extra Government support for farmers and growers in Southland and parts of Otago after the region was hit by severe wet weather.
ASB has become the first bank to forecast a milk price above $9/kgMS for this season.
The Meat Industry Association (MIA) and Beef + Lamb New Zealand (B+LNZ) say they welcome the announcement that the European Union’s Deforestation-free supply chains Regulation (EUDR) will be delayed by 12 months.
Waikato-based milk processor Tatua has announced a final 2023-24 season payout of $10.50/kgMS for its farmer shareholders, again topping the payout stakes among NZ milk processors.
Tucked away in a remote part of the central North Island, staff at a Pāmu (Landcorp) farm are working hard to solve one of the biggest challenges facing the dairy and beef sectors.
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