Diplomatic Incident
OPINION: Your old mate hears an international incident is threatening to blow up the long-standing Anzac alliance as Kiwis and Aussies argue over who wants new Australian resident and former NZ Prime Minister Jacinda Ardern.
As Australian politicians haggle over endorsing a free trade agreement with China, farmers are warning that failure to ratify the deal will cost them up to A$18 billion over 10 years.
The National Farmers' Federation (NFF) says it has done economic analysis of the FTA and is calling for bipartisan support for the China FTA as enabling legislation is tabled in the Australian parliament.
However the Opposition Labour Party, while backing the deal, wants changes to safeguard Australian jobs.
Labour fears temporary Chinese labour coming into Australia will jeopardise local jobs. The powerful Construction, Forestry, Mining and Energy Union (CFMEU) has campaigned against the FTA, warning it will be bad for Australian jobs.
But Prime Minister Malcolm Turnbull accused unions of "scaremongering" and challenged Labor to suggest a compromise on the FTA.
Farmers believe the deal is a good one. NFF president Brent Finlay says the China FTA is an unambiguously good deal for Australians and any delay to the enabling legislation would hurt the economy.
"This agreement is a game-changer: it's a golden ticket to the world's second largest marketplace -- 1.3 billion consumers eager for Australian products and services," Finlay says.
"It's an opportunity to supercharge the Australian economy at a time when access to larger markets is desperately needed, particularly for our agriculture sector.
"[Close] to a wealthier, choosier and hungrier Asian population, the opportunities for Australia's quality produce are endless. The need to ratify this agreement is now more important than ever."
The China FTA will remove 85% of the taxes and duties imposed on Australian goods this year, rising to 93% after four years and 95% when fully implemented.
"As the legislation is introduced into parliament today, we urge all sides of politics to restore confidence and rationality to the debate by offering bipartisan support for the agreement."
More than 1200 exhibitors will showcase their products and services at next month’s National Fieldays, with sites nearly sold out.
Despite difficult trading conditions for European machinery manufacturers brought about conflicts in Ukraine and Iran, alongside the United States imposing punitive tariffs, Italian manufacturer Maschio Gaspardo, has seen turnover increase 12% in 2025 to €390 million (NZ$775m) with a net profit of €11.2 million (NZ$22.3).
New Zealand innovation company Techion, best known for its animal diagnostics platform, FECPAK has signed an exclusive strategic partnership with Farmlands to bring independent animal health disease intelligence to its customers.
Zespri says it welcomes the recently signed Western Bay of Plenty Regional Deal, describing it as an important step towards supporting growth in the region and for New Zealand's kiwifruit industry.
Troubled milk processor Synlait has lost its third chief executive in five years.
Westgold butter has been named New Zealand's tastiest in a blind tasting conducted by Consumer New Zealand.

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