Nimble New Zealand exporters finding opportunity amid shifting trade terms
Global trade wars and uncertain tariff regimes could play into the hands of many New Zealand exporters, according to Gareth Coleman ANZ’s Head of Trade & Supply Chain.
The Wood Council of New Zealand says the forest and wood processing industry is happy the TPP.
The deal will remove tariffs on wood products across the 12 TPP countries.
"We have yet to see the detail, but we understand that all tariffs on logs and wood products will be reduced to zero. That represents a $9 million saving," says Wood Council chair Bill McCallum.
"While this is not a huge sum in the context of a trade worth $1.5 billion, we anticipate there will be bigger prizes arising from the TPP Agreement."
McCallum says the TPP has focused on tariff reduction and elimination, however with wood products the Council suspects that non-tariff barriers are a much greater impediment to trade.
"Technical barriers that have no scientific justification can prevent the import or use of imported wood products. Subsidies enjoyed by domestic wood processors can also make it impossible for imports to compete fairly."
The Council says the TPP will help exporters of NZ processed wood products who have struggled in the past to compete in markets where they have been excluded by tariffs that escalate rapidly as value is added to a raw material.
"These lost opportunities are not included in the $9 million saving, because current tariffs make exports unprofitable." says McCallum.
OPINION: In the past weeks, much has been said and written about one of New Zealand's greatest prime ministers, James Brendan Bolger, who died just a few months after his 90th birthday.
Following recent storms in the region, the 69th edition of the Tour of Southland cycling event has been postponed.
A function at Parliament on 7th October brought together central government decision-makers, MPs, industry stakeholders and commercial partners to highlight the need for strategic investment in the future of Fieldays and its home, the Mystery Creek Events Centre campus.
The Government's revised 2050 biogenic methane target range of 14-24% by 2050 is being welcomed by dairy farmers.
An increasing number of students are doing agricultural and horticultural degrees at Massey University by distance learning.
ANZ New Zealand is encouraging farmers and businesses impacted by the recent extreme weather that hit Southland and South Otago last week to seek support if they need it.

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