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

 


DCANZ Cautiously Welcomes Japan To TPP

16 March 2013

For immediate release

DCANZ Cautiously Welcomes Japan To TPP

The Dairy Companies Association of New Zealand (DCANZ) today cautiously welcomed Japan to the Trans Pacific Partnership (TPP) free trade agreement.

DCANZ Chairman Malcolm Bailey said it is a significant achievement to have Japan enter into the TPP. However, at the same time he hopes that Japan’s entry won’t delay the conclusion of negotiations beyond the October 2013 timeline and that they will support the basic premise of TPP.

“We encourage Japan to uphold the commitment made by TPP leaders in Honolulu back in 2011, which was the comprehensive elimination of market access barriers like tariffs on traded goods,” Mr Bailey said.

Japan is a significant dairy market and its entry into the TPP provides an opportunity for New Zealand to negotiate improved access for its dairy products.

“In 2012 New Zealand exported US$536m worth of dairy products to Japan, but it is also one of the most protected dairy sectors in the world, with high tariffs on imports,” he said.

“If Japan is willing to tackle these tariffs then their joining should be welcomed by both dairy exporters and by Japanese food companies and consumers.”

ENDS

About DCANZ: The Dairy Companies Association of New Zealand (DCANZ) was formed in July 2003 to co-ordinate and represent the collective public policy interests of its member dairy companies. Its members comprise Fonterra Co-operative Group Ltd, Tatua Co-operative Dairy Company Ltd, Westland Milk Products, Fonterra Brands (NZ) Ltd, Goodman Fielder Ltd, Synlait Ltd, New Zealand Dairies Ltd, Open Country Dairies Ltd and Miraka Ltd.

ENDS

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Interest Rates: RBNZ Hikes OCR To 3.5%, ‘Period Of Assessment’ Now Needed

Reserve Bank governor Graeme Wheeler raised the official cash rate as expected, while signalling a pause in rate hikes to assess the impact of moves so far this year. The kiwi dollar sank after Wheeler said its strength was “unjustified” and that the currency could have “a significant fall.” More>>

ALSO:

Fonterra: Canpac Site 'Resize' To Focus More On Paediatrics

Fonterra is looking at realigning its packing operations at Canpac, in the Waikato, to focus more on paediatric nutritionals... The proposed changes could mean around 110 roles may not be required at the site which currently employs 330. More>>

ALSO:

Scoop Business: Postie Plus Brand Gets 2nd Chance With Well-Funded Pepkor

The Postie Plus brand is getting a new lease of life after South Africa’s Pepkor bought the failed retailer’s assets out of administration and said it will use its purchasing power to reduce costs of stock and fatten margins. More>>

ALSO:

Warming: Warming Signs From State Of Climate Report

Climate data from air, land, sea and ice in 2013 'reflect trends of a warming planet' -- says the latest State of the Climate report, launched by U.S. and New Zealand scientists. More>>

ALSO:

Scoop Business: Embrace Falling Home Affordability, Says NZIER

Despair over the inability to afford a house is misplaced and should be embraced as an opportunity to invest in more wealth-creating activity, says the principal economist at the New Zealand Institute of Economic Research, Shamubeel Eaqub. More>>

Productivity Commission: NZ Regulation Not Keeping Pace

New Zealand regulators often have to work with out-of-date legislation, quality checks are under strain, and regulatory workers need better training and development. More>>

ALSO:

Callaghan Innovation: Investment To Help Deepen Innovation Reporting

Callaghan Innovation, the government’s high tech HQ for Kiwi business, is to help deepen New Zealand media coverage of the commercialisation of innovation through an arms-length partnership with independent business news service BusinessDesk. More>>

ALSO:

Tax Credits, Grants: Greens $1Bn R&D Plan

In the Party’s headline economic announcement, the Greens have launched their plan to build a smarter, more innovative economy which has as its centrepiece an additional $1 billion of government investment in research and development (R&D) above current spend, including tax breaks for business. More>>

ALSO:

Get More From Scoop

 
 
Computer Power Plus

Standards New Zealand

Standards New Zealand
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news