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


Seafood Industry Disappointed at WTO Breakdown

Seafood Industry Disappointed at WTO Talks Breakdown
25 July 2006

The New Zealand Seafood Industry Council shares the Government’s disappointment at the breakdown of the WTO Doha Development Round of trade negotiations.

“More than 90% of the New Zealand seafood sector’s earnings come from international trade – amounting to over NZ$1.3 billion in export sales. We estimate trade barriers cost the New Zealand industry at least $100 million annually,” said New Zealand Seafood Industry Council Chief Executive Owen Symmans. “Our industry has a considerable stake in achieving a positive outcome from these trade negotiations.”

Mr Symmans said that in addition to conventional trade barriers of tariffs and non-tariff measures, such as quotas, massive subsidisation of fishing industries in the northern hemisphere is distorting trade and contributing to unsustainable fishing capacity. “We are also becoming increasingly concerned at the way aquaculture is developing internationally with the assistance of subsidies,” he said.

“Minister Goff is correct when he says that only a global negotiation through the WTO has any chance of addressing these major distortions. We fear that this breakdown may stall the negotiations for a year or two. Meanwhile our competitors will continue to have carte blanche, distorting trade and subsidising global fisheries into collapse.”


© Scoop Media

Business Headlines | Sci-Tech Headlines


Media Mega Merger: StuffMe Hearing Argues Over Moveable Feast

New Zealand's two largest news publishers are appealing against the Commerce Commission's rejection of the proposal to merge their operations. More>>


Approval: Northern Corridor Decision Released

The approval gives the green light to construction of the last link of Auckland’s Western Ring Route, providing an alternative route from South Auckland to the North Shore. More>>


Crown Accounts: $4.1 Billion Surplus

The New Zealand Government has achieved its third fiscal surplus in a row with the Crown accounts for the year ended 30 June 2017 showing an OBEGAL surplus of $4.1 billion, $2.2 billion stronger than last year, Finance Minister Steven Joyce says. More>>


Mycoplasma Bovis: One New Property Tests Positive

The newly identified property... was already under a Restricted Place notice under the Biosecurity Act. More>>

Accounting Scandal: Suspension Of Fuji Xerox From All-Of-Government Contract

General Manager of New Zealand Government Procurement John Ivil says, “FXNZ has been formally suspended from the Print Technology and Associated Services (PTAS) contract and terminated from the Office Supplies contract.” More>>