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Trade and Export Growth Minister Damien O'Connor.
NZ's free trade deal with the United Kingdom is a step closer, with the legislation enacting the deal having its first reading in Parliament in late July.
Trade and Export Growth Minister Damien O'Connor says steady progress is being made toward ratifying the UK FTA.
"The elimination of tariffs, almost all when the agreement comes into force makes the UK FTA a gold-standard agreement," he claims. "It's one of the best deals we've ever negotiated and will boost our economy by up to $1 billion and provide us further economic security."
Negotiations were launched on the UK FTA in June 2020 and reached agreement-in-principle in October last year. Once both New Zealand and the United Kingdom have completed their ratification processes, the FTA can enter into force.
O'Connor says the Government aims to complete New Zealand's ratification processes by the end of this year.
Did you know that nearly 90% of total New Zealand wine sales occur offshore? That simple number means our wine businesses are the most export oriented of all the global wine industries. It also makes our sector especially sensitive to any changes in the trade rules that govern the access of our wines into international markets.
New Zealand farmers are welcoming news of a free trade agreement with the United Arab Emirates, a key country in the Gulf region.
Trade Minister Todd McClay says the Chinese market remains soft and consumers are more cautious in their buying patterns, but he says there are still many opportunities for New Zealand.
Federated Farmers have reiterated their support for the coalition Government to abolish the present ban on the live export of animals.
Meat Industry Association chief executive Sirma Karapeeva says the outlook for beef in the US is expected to hold up for several years as that country continues to liquidate its herd due to drought.
New Zealand’s dairy sector cannot expect India to be a market for all its dairy products.
Meat processor ANZCO Foods’ net profit has plunged on the back of lower market returns which squeezed margins and impacted business performance.
OPINION: Most people will be aware of the Government's plans to boost coal, oil and gas production to meet energy requirements.
AgriZeroNZ has entered a new partnership with Britain's national innovation agency, Innovate UK.
Twenty rural community hubs across New Zealand will receive $5,000 to upgrade their facilities having been selected as the winners of Rabobank's Community Hub Competition.
As the dairy industry prepares to celebrate its top achievers at an awards night this Saturday, attendees are being warned to be aware of protests planned outside the venue – Baypark Arena, Mount Mauganaui.
