Government invests $8 million in LIC methane research to reduce dairy emissions
The Government has announced it has invested $8 million in lower methane dairy genetics research.
Trade Minister Todd McClay will take the opportunity at this weekend's G20 Trade Ministers' Meeting in Shanghai to promote New Zealand's trade interests with the biggest economies in the world.
"New Zealand's invitation to be part of the G20 process demonstrates the mutually shared value of our relationship with China, and the standing which New Zealand has built up over decades as a proponent of an open world trade system," says McClay.
"We are grateful to China for the invitation and I look forward to meeting my counterparts from G20's host nation."
"It is also an opportunity to talk to representatives from the United Kingdom and the European Union about post-Brexit relationships as the implications of the UK's recent referendum vote to leave the European Union are being considered.
"I have already confirmed a meeting with the EU Trade Commissioner Cecelia Malmström and Lord Price, the UK Minister of State for Trade and Investment, to discuss the best way to protect and advance our trade interests with both parties.
"I look forward to frank and fruitful discussions with my international colleagues discussing a range of topics, including ways to achieve a successful outcome of the next WTO Ministerial meeting in 2017."
McClay will also travel to Beijing and Hangzhou for a series of meetings with New Zealand and Chinese businesses and investors. He will visit the Alibaba Headquarters in Hangzhou to discuss future cooperation with New Zealand exporters. This meeting will be an opportunity to build on the memorandum of understanding that was signed between New Zealand Trade and Enterprise and Alibaba in April this year.
Relationships are key to opening new trading opportunities and dealing with some of the rules that countries impose that impede the free flow of trade.
Dawn Meats chief executive Niall Browne says their joint venture with Alliance Group will create “a dynamic industry competitor”.
Tributes have flowed following the death of former Prime Minister and political and business leader, Jim Bolger. He was 90.
A drop in methane targets announced by the Government this month has pleased farmers but there are concerns that without cross-party support, the targets would change once a Labour-led Government is voted into office.
Farmer shareholders of meat processor Alliance have voted in favour of a proposed $270 million joint venture investment by Irish company, Dawn Meats.
The former chair of the Bay of Plenty Regional Council and farmer, Doug Leeder, says rural communities' biggest fear right now is the lack of long-term certainty over environmental regulations.
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