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

 


Meat Industry Welcomes Increased Eu Beef Quota


Meat Industry Welcomes Increased Eu Beef Quota

Meat & Wool New Zealand Chairman Jeff Grant, and Meat Industry Association Chairman Bill Falconer, welcomed the Government’s announcement today that New Zealand’s beef quota to the EU will be substantially expanded.

Minister for Trade Negotiations Jim Sutton announced today that New Zealand’s current quota for high quality beef of 300 tonnes product weight will be expanded to 1,300 tonnes. This represents an increase of more than three times New Zealand’s existing quota access. The existing 20% in-quota tariff for high quality beef will apply.

The increased quota access is a result of the EU’s enlargement in May 2004 to include 10 new European countries and reflects New Zealand’s historic trade in beef with the newly acceded EU members, particularly Malta and Cyprus.

“This is a good outcome for New Zealand exporters” said Mr Grant. “The increased access appropriately recognises New Zealand’s historic beef trade with the new EU members and ensures that New Zealand exporters are not in a less favourable position than they were prior to the EU’s enlargement. The negotiations have been complex and we appreciate the efforts of the Minister and officials in achieving this outcome.”

The Government announced in September that the EU had agreed to allocate a further 1,154 tonnes c.w.e[1] of sheepmeat quota to New Zealand as a result of the enlargement. It is anticipated that the increased quota access for sheepmeat and beef to the EU will be implemented by 1 January 2006.

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Half A Billion Accounts: Yahoo Confirms Huge Data Breach

The account information may have included names, email addresses, telephone numbers, dates of birth, hashed passwords (the vast majority with bcrypt) and, in some cases, encrypted or unencrypted security questions and answers. More>>

Rural Branches: Westpac To Close 19 Branches, ANZ Looks At 7

Westpac confirms it will close nineteen branches across the country; ANZ closes its Ngaruawahia branch and is consulting on plans to close six more branches; The bank workers union says many of its members are nervous about their futures and asking ... More>>

Interest Rates: RBNZ's Wheeler Keeps OCR At 2%

Reserve Bank governor Graeme Wheeler kept the official cash rate at 2 percent and said more easing will be needed to get inflation back within the target band. More>>

ALSO:

Half Full: Fonterra Raises Forecast Payout As Global Supply Shrinks

Fonterra Cooperative Group, the dairy processor which will announce annual earnings tomorrow, hiked its forecast payout to farmers by 50 cents per kilogram of milk solids as global supply continues to decline, helping prop up dairy prices. More>>

ALSO:

Results:

Meat Trade: Silver Fern Farms Gets Green Light For Shanghai Maling Deal

The government has given the green light for China's Shanghai Maling Aquarius to acquire half of Silver Fern Farms, New Zealand's biggest meat company, with ministers satisfied it will deliver "substantial and identifiable benefit". More>>

ALSO:

Get More From Scoop

 
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news