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


NZ Seafood Industry Welcomes Prospect of China FTA

Media Release

For Immediate Release

New Zealand Seafood Industry Welcomes Prospect of China Free Trade Agreement

The New Zealand Seafood Industry Council (SeaFIC) says that exports of New Zealand seafood to China could treble if the government is successful in negotiating a bilateral Free Trade Agreement.

"We're already selling about $100 million worth of seafood and fish products to China to make it one of our most strategically important markets and we believe that it has the potential to grow to be one of biggest with Japan, the United States and Europe." Owen Symmans, Chief Executive of the New Zealand Seafood Industry Council Ltd (SeaFIC) said in welcoming the government's announcement that negotiations on a China-New Zealand Free Trade Agreement would get underway shortly.

"A Free Trade Agreement would provide greater opportunities for New Zealand fishing and aquaculture companies to increase their sales to China and also to develop closer commercial relationships with Chinese fish and food processing companies," said Mr Symmans.

New Zealand's current seafood trade to China is dominated by fish products that are sold for further processing. But, Mr Symmans noted that a number of high value seafood products exported to Hong Kong, such as live rock lobster (crayfish), were frequently re-exported from Hong Kong to China by their Hong Kong buyers.

"This suggests there is genuine potential for direct trade in the future once market access barriers were addressed in the negotiations," 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