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Beef + Lamb chairman James Parsons.
The Trans Pacific Partnership will eliminate over time most of the tariffs on New Zealand's red meat sector, says Beef + Lamb chairman James Parsons.
The Trans Pacific Partnership deal is critical for New Zealand sheep and beef farmers and meat exporters, keeping us competitive in key markets, says Parsons.
The New Zealand sheep and beef sector exports close to 90% of its production totaling $7.4 billion, on which we paid $323 million of tariffs in 2014. Nearly one-third of those total exports go to TPP member countries, with a significant proportion of those tariffs paid in Japan ($77 million) - where applied tariffs on our beef exports are 38.5%.
The TPP agreement will eliminate, over time, the vast majority of tariff costs on New Zealand red meat exports to TPP member countries. Based on 2014 exports, this would be a reduction in tariffs paid of around NZ$72 million which ensures that New Zealand red meat products will remain competitive in TPP markets.
"The TPP deal also includes ways to address complex non-tariff barriers, which will prove useful in terms of opening markets and ensuring that they stay open", says MIA chairman Bill Falconer.
The TPP is expected to enter into force within two years, once all member countries have completed their legislatives processes.
B+LNZ and MIA work together to improve access for sheep and beef products to overseas markets, including by providing in-depth analysis to support the government's trade negotiation efforts.
Progeny testing at Pāmu’s Kepler farm in Southland as part of Beef + Lamb New Zealand’s Informing New Zealand Beef programme is showing that the benefits of hybrid vigour could have a massive impact on the future of beef breeding.
Alliance Group has secured greater access for chilled beef exports into China following approval of its Levin and Mataura plants to supply that market. With its first load of beef from Levin clearing Chinese customs in early January and a shipment from Mataura recently arriving in China, journalist Leo Argent talked to Alliance general manager safety and processing Wayne Shaw.
Beef + Lamb New Zealand (B+LNZ) has reiterated calls for New Zealand to revise its methane targets after the Government's "disappointing" announcement of its revised Nationally Determined Contribution (NDC).
New Zealand's red meat exports for 2024 finished on a positive note, with total export value increasing 17% over last December to reach $1.04 billion, according to the Meat Industry Association (MIA).
Beef + Lamb New Zealand (B+LNZ) is having another crack at increasing the fees of its chair and board members.
The recent squabble between the Cook Islands and NZ over their deal with China has added a new element of tension in the relationship between China and NZ.
The world is now amid potentially one of the most disruptive periods in world trade for a very long time.
Former Westland Milk boss Richard Wyeth is taking over as chief executive of Canterbury milk processor Synlait from May 19.
Listed carpet maker Bremworth says it’s preparing to call a special meeting requested by a group of disgruntled shareholders.
Listed carpet maker Bremworth has been rocked by a call from some shareholders for a board revamp.
New Zealand's largest celebration of rural sports athletes and enthusiasts – New Zealand Rural Games - is back for its 10th edition, kicking off in Palmerston North from Thursday, March 6th to Sunday, March 9th, 2025.
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