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

 

Trade Lib Agreement with Thailand encouraged

Trade Liberalising Agreement with Thailand to be encouraged.

Growing the appetite of sixty million Thais for New Zealand beef will become easier with a new trade deal on the horizon to improve access, according to Meat New Zealand. The organisation today welcomed the announcement that the New Zealand and Thai Governments will start negotiations on a Closer Economic Partnership (CEP), which will improve access for New Zealand’s meat exports into Thailand.

Chief Executive Mark Jeffries says the Government’s study into a comprehensive CEP with Thailand has highlighted that it will provide real benefits for the consumers, industries and economies of both countries.

Meat New Zealand participated in the feasibility study.

“Even though the meat sector’s existing trade with Thailand was only $6 million in 2003 - the CEP negotiations will provide New Zealand farmers and exporters with a real opportunity to reduce the trade barriers that currently apply to New Zealand meat products.” Jeffries said.

Jeffries said a CEP agreement would lead to improved trade access - particularly for beef.

“The current tariff rates for meat products are prohibitive, at 50 percent for beef, 30 percent for sheep meat and ranging between 30-40 percent for meat offals. We support the study’s recommendations for these trade barriers to be removed. This will allow both Thai consumers and the Thai tourism industry to enjoy a more reliable supply of high quality New Zealand red meat for which there is growing demand.”

Mr Jeffries says that although the tariffs on New Zealand wool products are low, a CEP will also help New Zealand’s wool exports to Thailand.

“New Zealand has an existing trade in wool products with Thailand with wool exports totalling just under $8.5 million last year. Any gains that might be achieved for such exports would not necessarily come from tariff cuts, but more from bringing our two economies closer together.”

Jeffries says Meat & Wool New Zealand looks forward to working closely with the Government on the CEP negotiations with Thailand.

© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 

Scoop 3.0: How You Can Help Scoop’s Evolution

We have big plans for 2018 as we look to expand our public interest journalism coverage, upgrade our publishing infrastructure and offer even more valuable business tools to commercial users of Scoop. More>>


Statistics: Butter At Record $5.67/Block; High Vegetable Prices

Rising dairy prices have pushed food prices up 2.7 percent in the year to October 2017, Stats NZ said today. This followed a 3.0 percent increase in the year to September 2017. More>>

ALSO:

Science: New Research Finds Herbicides Cause Antibiotic Resistance

New University of Canterbury research confirms that the active ingredients of the commonly used herbicides, RoundUp, Kamba and 2,4-D (glyphosate, dicamba and 2,4-D, respectively), each alone cause antibiotic resistance at concentrations well below label application rates. More>>

ALSO:

CO2 And Water: Fonterra's Environment Plans

Federated Farmers support Fonterra’s bold push to get to zero emissions of CO2 on the manufacturing side of the Co-operative, both in New Zealand and across its global network. More>>

ALSO:

Fisheries: Decision To Delay Monitoring ‘Fatally Flawed’

Conservation group representatives say a decision by the new Minister of Fisheries, Stuart Nash, to delay implementation of camera monitoring of fishing efforts in New Zealand is ‘fatally flawed’. More>>

ALSO:

Kaikōura Quakes: One Year On

State Highway One and the railway were blocked by damage and slips and the Inland Road suffered significant damage. Farms, homes and businesses suffered building and land damage. Power and internet went down, drinking water systems, sewage systems and local roads were all badly affected... More>>

ALSO:

 
 
 
 
 
 
 
 
  • Bill Bennett on Tech