UAE FTA signed
New Zealand’s free trade deal with the United Arab Emirates (UAE) has now been signed.
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."
European milk processors are eyeing more cheese and milk powder exports into South America following a landmark trade agreement signed last month.
Two European dairy co-operatives are set to merge and create a €14 billion business.
DairyNZ's Kirsty Verhoek ‘walks the talk’, balancing her interests in animal welfare, agricultural science and innovative dairy farming.
"We at Ministry for Primary Industries (MPI) and you at Dairy News said over six months ago that the dairy industry would bounce back, and it has done so with interest.”
Wairarapa sheep and beef farmer Karen Williams is the new chief executive of Irrigation New Zealand.
Whole milk powder prices on Global Dairy Trade (GDT) remains above long run averages and a $10/kgMS milk price for the season remains on the card, says ASB senior economist Chris Tennent-Brown.
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