India FTA timed right for NZ, says trade analyst
Leading trade analyst Stephen Jacobi has rubbished claims that New Zealand could have got a better free trade deal with India if it had prolonged the negotiations.
Trade Minister Todd McClay departs today to visit the World Trade Organisation (WTO) in Switzerland and the United Arab Emirates (UAE).
Following his appointment as a WTO Vice Chair, McClay is travelling to prepare for the 13th Ministerial Conference of the WTO, being held in Abu Dhabi in February.
While in Geneva, McClay will meet key leaders within the World Trade Organisation including the Director General, Deputy Director General, and the heads of key Regional Groups in the WTO, as well as Pacific Representatives.
“The WTO remains at the core of New Zealand’s trade and economic interests,” says McClay. “A functioning rules-based system delivers benefits for our businesses and exporters, as well as the broader economy.”
“My visit provides the opportunity to influence and drive positive outcomes at the upcoming WTO Ministerial Meeting, especially around domestic agricultural production that supports the interests of both developing and developed countries,” he says.
McClay will then travel to Dubai to meet with Minister of State for Foreign Trade, Dr Thani bin Ahmed Al Zeyoudi, to discuss New Zealand’s support for the UAE chairing of the 13th WTO Ministerial Committee, and the country’s bilateral trading interests, including exploratory talks towards a bilateral Closer Economic Partnership Agreement.
“The UAE is New Zealand’s largest export market in the Middle East, and a key interlocutor on regional issues,” says McClay.
“I look forward to meeting with my counterparts to discuss and advance our relationship on a number of issues, including trade, food security and climate change,” he concludes.
The sale of Fonterra’s global consumer and related businesses is expected to be completed within two months.
Fonterra is boosting its butter production capacity to meet growing demand.
For the most part, dairy farmers in the Waikato, Bay of Plenty, Tairawhiti and the Manawatu appear to have not been too badly affected by recent storms across the upper North Island.
South Island dairy production is up on last year despite an unusually wet, dull and stormy summer, says DairyNZ lower South Island regional manager Jared Stockman.
Following a side-by-side rolling into a gully, Safer Farms has issued a new Safety Alert.
Coming in at a year-end total at 3088 units, a rise of around 10% over the 2806 total for 2024, the signs are that the New Zealand farm machinery industry is turning the corner after a difficult couple of years.

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