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

 


TPP Has the Potential to Revitalise Japanese Agriculture


22 May 2013

TPP Has the Potential to Revitalise Japan’s Agriculture Sector

Research released by the New Zealand Asia Institute today has found that Japan joining the Trans Pacific Partnership (TPP) could potentially trigger a revitalisation of its agriculture sector.

The independent research, funded by Fonterra, was conducted by Professors Hugh Whittaker and Rob Scollay from The University of Auckland. They investigated the potential implications of the TPP on the Japanese agricultural sector, which is a proposed free trade agreement under negotiation between 12 countries including New Zealand and also Japan, who only joined earlier this year.

Professor Scollay said: “The Japanese agricultural sector faces a number of challenges.  Many small-scale farms are uneconomic while the average age of Japanese farmers and the area of abandoned farmland are both increasing alarmingly.” 

Meanwhile falling per capita consumption of Japanese farm products combined with large projected future falls in Japan’s population underline the need to transform Japan’s agriculture into a more competitive sector with export potential.  

“Our research found that participation in TPP could actually be the trigger needed to revitalise and transform Japan’s agriculture into a more vibrant and productive sector with long-term growth potential.”

Economic modelling indicated that increased exposure to competition through participation in the TPP, and increases in the productivity of Japanese agriculture through reform, could play complementary roles in sustaining agriculture and the food processing industries in Japan.

Fonterra’s Director Policy and Advocacy, Sarah Paterson, said Fonterra decided to fund the research because it wanted to ascertain from an independent source the potential impacts the TPP might have on the agriculture industry in Japan after previous opposition coming from the sector.

“Importantly, the study highlights that Japan’s agricultural sector could be better off as a result of TPP. We also believe that reducing trade barriers not only benefits their agricultural sector but will have flow on effects to the end consumer as well, where they’ll be able to enjoy greater choice and more competitively priced food,” said Paterson.

To form their research findings, the Professors collaborated with agricultural experts based in Japan, met with a variety of New Zealand and Japanese companies in the sector and analysed data published by Japan’s Ministry of Agriculture Forestry and Fisheries. 

ENDS

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

BusinessDesk: APN's NZME Sees Future In Paywalls, Growth In Digital Sales

APN News & Media has touted a single newsroom concept for its NZME unit in New Zealand, similar to what Germany's Die Welt uses, saying an 'integrated sales proposition' is helping it win market share, including ... More>>

Labour Party: Global Milk Prices Now Lowest In 6 Years

The latest fall in the global dairy price has brought it to the lowest level in six years and shows there must be meaningful action in tomorrow’s Budget to diversify the economy, says Labour’s Finance spokesperson Grant Robertson. “Dairy prices ... More>>

BusinessDesk: NZ Inflation Expectations Creep Higher In June Survey

May 19 (BusinessDesk) - New Zealand businesses lifted their expectations for inflation over the next two years, sapping any immediate pressure on the Reserve Bank to cut interest rates, and prompting the kiwi dollar to jump higher. More>>

BusinessDesk: Lower Fuel Costs Drive Down NZ Producer Input, Output Prices

May 19 - Producer input and output prices fell in the first quarter, mainly reflecting lower fuel costs and weakness in prices of meat and dairy products. More>>

Media: Fairfax Media NZ Announces Senior Editorial Team

Fairfax Media New Zealand has today confirmed its new editorial leadership team, as part of a transformation of its newsrooms aimed at enhancing local and national journalism across digital and print. More>>

Science: Flavonoids Reduce Cold And Cough Risk

Flavonoids reduce cold and cough risk Research from the University of Auckland shows eating flavonoids – found in green tea, apples, blueberries, cocoa, red wine and onions – can significantly reduce the risk of catching colds and coughs. The research, ... More>>


BusinessDesk: RBNZ House Alert Speech The Catalyst For Government Action

Prime Minister John Key all but conceded that pressure from the Reserve Bank of New Zealand for concerted action on rampant Auckland house prices was one of the main catalysts for the government's weekend announcements about tightly ... More>>

BusinessDesk: How To Fall Foul Of The New Housing Tax Rules: Tips From IRD

Just because you rented out your investment property doesn't absolve you from paying tax, says the Inland Revenue Department in a summary of commonly made mistakes by non-professional property investors when it comes to their tax liability.More>>

Legal: Superdiversity Law, Policy And Business Stocktake Announced

Mai Chen, Managing Partner at Chen Palmer New Zealand Public and Employment Law Specialists and Adjunct Professor of Law at the University of Auckland, today announced the establishment ... More>>

Housing: More House Price Gains Expected

House price expectations remain high, with a net 56% of respondents expecting house prices will increase. Fears of higher interest rates are fading, consistent with the RBNZ’s signals this year. Affordability and a lack of houses for ... More>>

TDDA: State-Of-The-Art Drug Testing Laboratory To Open In Auckland

World leading drug testing agencies, The Drug Detection Agency (TDDA) and Omega Laboratories, open New Zealand laboratory More>>

Network: Bigpipe Launches Ultra-Fast Broadband Into Wellington

Bigpipe Launches Ultra-Fast Broadband into Wellington Naked broadband provider Bigpipe has extended its national reach, announcing today, the launch of its unlimited UFB offering into Wellington. The Spark Venture business is giving Wellingtonians the ... More>>

Get More From Scoop

 
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news