US remains important market - Fonterra
Fonterra says the US continues to be an important market for New Zealand dairy and the co-op.
US president-elect Donald Trump has the powers, delegated by Congress, to wreak havoc on international trade, says trade expert Stephen Jacobi.
The question is “will he use them?” Jacobi asks.
“The impacts and choices for New Zealand under a Trump presidency are unclear at best,” says Jacobi, a former diplomat who is executive director of the NZ International Business Forum and also on the NZ China Council.
“In the short term, I find it hard to see a way through for the Trans Pacific Partnership (TPP) in the ‘lame duck’ session,” he says.
“Longer term, the issues behind TPP (market access, better trade rules, actions to promote investment and reducing the costs of doing business) will all need to be addressed.”
Going forward, it’s all about policy, people and the president himself, he says.
“On policies, what will be the approach to trade agreements and what will be the new normal in the US relationship with China?”
Jacobi says it remains to be seen whether Trump really will rip up the North American Free Trade Agreement (NAFTA) between US, Canada and Mexico.
“What about multilateral agreements like the WTO and the Paris Agreement on Climate Change? “On people, who will advise Trump on trade? Will the Republican establishment come back to serve in a Trump administration?
“On the president, how will his unpredictable and abrasive nature play into global policy?”
Fonterra says the US continues to be an important market for New Zealand dairy and the co-op.
Trade and Agriculture Minister Todd McClay says New Zealand's trade interests are best served in a world where trade flows freely.
New Zealand's red meat sector says it is disappointed by the United States' decision to impose tariffs on New Zealand exports.
OPINION: Farmers nationwide will be rubbing their hands with glee at the latest news from the Government about the RMA reforms.
Holstein Friesian NZ and Link Livestock have agreed on a strategic partnership to provide HFNZ members with comprehensive services from one of New Zealand's most respected dairy men.
Rural retailer Farmlands has launched a new casual clothing range available across 42 stores nationwide and through its online store.
OPINION: At last, a serious effort to better connect farmers and scientists.
OPINION: If you believe Maori Party president John Tamihere’s claim that “nothing dodgy” occurred at Manurewa Marae during the last…