Potential UAE trade deal would boost red meat exports
The red meat sector is welcoming the start of trade negotiations between New Zealand and the United Arab Emirates (UAE).
THE ECONOMIC Cooperation Agreement between New Zealand and the Separate Customs Territory of Taiwan, Penghu, Kinmen, and Matsu (Chinese Taipei) came into effect yesterday.
"Tariffs are removed from milk powder, cheese, butter, apple, cherry and wine exports to Chinese Taipei," says Primary Industries Minister Nathan Guy.
"This will mean tariff savings of nearly $40m on current trade. It's great news for our exporters.
"Tariffs on beef will be eliminated in two years, and tariffs on kiwifruit in three. In four years, sheep, honey and most fish product tariffs will be eliminated and 99% of New Zealand trade to Chinese Taipei will be tariff-free.
"In total, tariffs will be eliminated on 100% of New Zealand's current exports in a staged programme over 12 years."
Guy visited a cherry orchard in Blenheim that is now harvesting and packing for export.
"Cherryland will be one of the first exporters sending products to Chinese Taipei under the tariff free conditions. This is a great Christmas present for them, their employees and other businesses throughout New Zealand.
"Chinese Taipei is New Zealand's largest market for cherries. Before today, these exports were charged a tariff of 7.5%, and apples faced a tariff of 20%.
"This is a grassroots example of how free trade deals benefit New Zealand, and particularly the regions. It emphasises the importance of other free trade agreement negotiations, including the Trans Pacific Partnership (TPP), which could have major benefits to New Zealand.
"Once the Chinese Taipei agreement is fully implemented tariff savings will reach $75m, based on current trade. But given trade can be expected to increase, those savings are likely to be even higher," says Guy.
Chinese Taipei is New Zealand's 6th largest market for agricultural products and our 11th largest overall export market.
South Waikato farm manager Ben Purua’s amazing transformation from gang life to milking cows was rewarded with the Ahuwhenua Young Maori Farmer award last night.
Bankers have been making record profits in the last few years, but those aren’t the only records they’ve been breaking, says Federated Farmers vice president Richard McIntyre.
The 2023-24 season has been a roller coaster ride for Waikato dairy farmers, according to Federated Farmers dairy section chair, Mathew Zonderop.
Ministry for Primary Industries (MPI) director general Ray Smith says job cuts announced this morning will not impact the way the Ministry is organised or merge business units.
Scales Corporation is acquiring a number of orchard assets from Bostock Group.
Family and solidarity shone through at the 75 years of Ferdon sale in Otorohanga last month.