China’s new beef tariffs expected to favour New Zealand exporters
Additional tariffs introduced by the Chinese Government last month on beef imports should favour New Zealand farmers and exporters.
Federated Farmers Meat & Fibre Chair Rick Powdrell says it’s a sensible decision for the country and aligns the company better to service the needs of global markets in a modern world.
"New Zealand farmer-shareholders will continue to own 50% of the cooperative and will enjoy the benefits of access to the growing Chinese market,” says Powdrell.
"This is exactly what the farmer-shareholders wanted, with a majority voting last month for the deal to be approved.”
