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Fonterra Welcomes US Entry Into P4 Trading Group

Media Release
23 September 2008

Fonterra Welcomes US Entry Into P4 Trading Group

Fonterra Co-operative Group today welcomed the US Government’s decision to enter negotiations to join the P4 trade group.

“This development could open up substantial new global trade opportunities for Fonterra and help build on New Zealand’s signing in April this year of a free trade agreement with China and the recent conclusion of the ASEAN-Australia-New Zealand free trade agreement (AANZFTA)” said CEO Andrew Ferrier.

“We expect the successful integration of the US into the P4 trade group to offer opportunities for New Zealand to expand the trade of dairy products within the P4 countries. The New Zealand Government’s efforts have played an important role in reaching this stage and we look forward to the Government continuing to advance these discussions.”

ENDS

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