NZ meat industry loses $1.5b annually to non-tariff barriers
Wouldn't it be great if the meat industry could get its hands on the $1.5 billion dollars it's missing out on because of non-tariff trade barriers (NTBs)?
The dairy and red meat sectors have welcomed news that New Zealand will begin formal negotiations for a free trade agreement (FTA) with the United Arab Emirates (UAE).
The announcement by Trade Minister Todd McClay and his counterpart UAE Trade Minister Dr Thani bin Ahmed Al Zeyoudi in Dubai follows and earlier meeting in March where the pair set up a consultation programme to see if such a deal should proceed.
The UAE is an important market for NZ's red meat sector, generated $47 million of export earnings in 2023. High-value chilled beef is the most valuable export sub-category to the UAE, worth $31 million in 2023, making the UAE our fourth largest chilled beef market behind the US, China, and Japan.
Meat Industry Association (MIA) chief executive Sirma Karapeeva says a comprehensive FTA with UAE would open the door to reduce tariffs on other products that we export to the Middle East, including frozen beef and lamb, and wool.
Also happy with the news is Dairy Companies of NZ (DCANZ) executive director Kimberly Crewther. She says her sector looks forward to a high-quality FTA agreement that delivers certainty to our dairy exporters of duty-free access across all products.
Tomato growers are facing a challenge like never before over the rising cost of energy and the uncertainty of supply.
A US-based company developing a vaccine to reduce methane emissions in cattle has received another capital injection from New Zealand’s agriculture sector.
Wools of New Zealand has signed a partnership agreement with a leading Chinese manufacturer as the company looks to further grow demand in China and globally.
Opportunities for Māori are there for the taking if they scale up their operations and work more closely together.
OPINION: Farmer shareholders of two of New Zealand's largest co-operatives have an important decision to make this month and what they decide could change the landscape of the dairy and meat sectors in New Zealand.
OPINION: Ageing lefty Chris Trotter reckons that the decision to delay recognition of Palestinian statehood is more than just a fit…
OPINION: A mate of yours truly recently met someone at a BBQ who works at a big consulting firm who spent…