Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search


WTO Breakdown Threat To NZ Exports

16 September, 2003

Media Release

For immediate Release

WTO Breakdown Threat To NZ Exports

The breakdown of the World Trade Organisation talks in Cancun and the resultant disbanding without agreement on the reduction of agricultural subsidies poses a very real threat to New Zealand’s exporters, according to Export New Zealand.

National vice president David Binning said today that New Zealand’s exporters would bear the brunt of the continuation of tariff protection mechanisms in New Zealand’s major markets, combined with the normal international currency and trading pressures.

“Our major agriculturally based export industries are being forced to compete in markets where subsidies promote mediocrity in efficiency of production because of the subsidy levels paid, particularly in Europe, the USA and Japan,” he said.

“Our exporters continue to battle to compete in tariff-protected markets, where industries in those markets remain protected as a result of the WTO talks disbanding.

“Export New Zealand will support any action taken by the Government that will New Zealand exporters,” Mr Binning said.

This applied in particular to any improvements that could be made to New Zealand’s competitive position and the prices the productive sector receives in the global market place, he said.


© Scoop Media

Business Headlines | Sci-Tech Headlines


Onetai Station: Overseas Investment Office Puts Ceol & Muir On Notice

The Overseas Investment Office (OIO) has issued a formal warning to Ceol & Muir and its owners, Argentinian brothers Rafael and Federico Grozovsky, for failing to provide complete and accurate information when they applied to buy Onetai Station in 2013. More>>


Tomorrow, The UN: Feds President Takes Reins At World Farming Body

Federated Farmers president Dr William Rolleston has been appointed acting president of the World Farmers’ Organisation (WFO) at a meeting in Geneva overnight. More>>


I Sing The Highway Electric: Charge Net NZ To Connect New Zealand

BMW is turning Middle Earth electric after today announcing a substantial contribution to the charging network Charge Net NZ. This landmark partnership will enable Kiwis to drive their electric vehicles (EVs) right across New Zealand through the installation of a fast charging highway stretching from Kaitaia to Invercargill. More>>


Watch This Space: Mahia Rocket Lab Launch Site Officially Opened

Economic Development Minster Steven Joyce today opened New Zealand’s first orbital launch site, Rocket Lab Launch Complex 1, on the Mahia Peninsula on the North Island’s east coast. More>>


Marketing Rocks!
Ig Nobel Award Winners Assess The Personality Of Rocks

A Massey University marketing lecturer has received the 2016 Ig Nobel Prize for economics for a research project that asked university students to describe the “brand personalities” of three rocks. More>>


Nurofen Promotion: Reckitt Benckiser To Plead Guilty To Misleading Ads

Reckitt Benckiser (New Zealand) intends to plead guilty to charges of misleading consumers over the way it promoted a range of Nurofen products, the Commerce Commission says. More>>


Get More From Scoop

Search Scoop  
Powered by Vodafone
NZ independent news