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.

-ends-

© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 

Judicial Review: China Steel Tarrif Rethink Ordered

On 5 July 2017 the Minister determined not to impose duties on Chinese galvanised steel coil imports. NZ Steel applied for judicial review of the Minister’s decision. More>>

Debt: NZ Banks Accelerate Lending In June Quarter

New Zealand's nine major lenders boosted lending at the fastest quarterly pace in almost two years as fears over bad debts subsided. More>>

ALSO:

Balance Of Trade: Annual Current Account Deficit Widens To $9.5 Billion

New Zealand’s current account deficit for the year ended June 2018 widened to $9.5 billion, 3.3 percent of GDP, Stats NZ said today. More>>

ALSO:

Talking Up The Economy: NZD Gains On PM's Mistaken GDP Comment

Her comments were downplayed by her chief press secretary who said she was referring the government's June year financial statements and had "made a mistake." More>>

ALSO: