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


Exports for natural health products jeopardised

1 June 2006

Exports market for natural health products jeopardised

The country’s $500 million natural products industry could be placed in jeopardy if the Trans Tasman regulatory scheme for complementary medicines proposed by the Ministry of Health goes ahead in its current proposed form.

Natural Products New Zealand represents a significant proportion of New Zealand natural health product manufacturers, from large companies to small practitioners, in an industry with exports of more than $300 million.

Executive Director of Natural Products New Zealand, Michelle Beckett, said after a review of the Draft Rules for the Proposed Regulatory Scheme issued by the Ministry of Health last week she has grave concerns for companies who are involved with exporting complementary medicines.

“Concerns have been raised by a number of member exporters that the Draft Rules for the joint agency threaten New Zealand’s ability to promote and grow exports of dietary supplements and other natural products. The proposed Licensing of Export Only Medicines means that instead of manufacturing to the importing country’s standards as is currently being done, companies will have to manufacture to joint agency standards which are irrelevant to the customer country.

“A vast new set of paperwork will be required to be completed by the importer and they just won’t bother but will simply take their business elsewhere. This is the very reason why so many firms come to New Zealand for contract manufacture in the first place, rather than Australia.

“Do we want companies to say ‘it’s too hard to deal with New Zealand’, because with these Rules in place, that is exactly what companies around the world will be saying about NZ natural products companies,” says Ms Beckett.

Natural Products New Zealand believes there is a need for an updated regulatory model for complementary medicines in New Zealand and has worked constructively with the Ministry of Health to that effect. Natural Products New Zealand however does not want New Zealand to simply adopt the Australian’s Therapeutic Goods Association’s (TGA) model.

“The approach needs to be worked through in consultation with New Zealand industry and based on an affordable, cost effective, risk based system,” concluded Ms Beckett.

Both Natural Products New Zealand and industry companies have raised the issue of Licensing of Export Only Medicines with the Medsafe Trans Tasman Taskforce prior to the drafting of the Joint Agency Rules and are disappointed those concerns have not been addressed.

NPNZ, along with other stakeholders, will be meeting with the Ministry of Health next week in Christchurch and Auckland to discuss the Draft Rules.


© Scoop Media

Business Headlines | Sci-Tech Headlines


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>>


Half A Billion Accounts, Including Xtra: 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>>


Get More From Scoop

Search Scoop  
Powered by Vodafone
NZ independent news