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

 


Japan-Australia deal makes TPP even more important

Media Release

8 April 2014

Japan-Australia deal makes TPP even more important

The recently-concluded economic partnership agreement between Australia and Japan makes a high quality TPP outcome even more important, according to the New Zealand red meat sector.

The bilateral agreement will lower Japan’s tariffs on Australian beef products, over time, to about half of the 38.5% that is applied to exports from other countries, including New Zealand. This will give Australian beef producers a significant advantage in the Japanese market.

“Without a comprehensive, high quality TPP, we’re now going to have a competitive disadvantage in our fifth-largest beef market, and our largest market for chilled beef. We’ve always placed a lot of importance on a successful and high quality TPP deal that removes all tariffs on our exports,” said Meat Industry Association Chairman Bill Falconer.

“We’re confident that New Zealand’s negotiators are doing their best to get us there, regardless of this kind of distraction.”

Beef + Lamb New Zealand Chairman James Parsons said the Australia-Japan deal was much less ambitious than a typical New Zealand FTA and was “in a completely different league” to the ongoing TPP negotiations.

“A high quality deal means complete tariff elimination on all products of trade interest – that’s basically what New Zealand has achieved in its FTAs. It’s disappointing to see Australia and Japan not get up to that standard, particularly while we’re all in the middle of trying to finish a very high quality TPP agreement.”

ENDS

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Scoop Business: Fletcher To Close Its Christchurch Insulation Plant, Cut 29 Jobs

Fletcher Building, New Zealand’s largest listed company, will close its Christchurch insulation factory, as it consolidates its Tasman Insulations operations in a “highly competitive market”. More>>

ALSO:

Scoop Business: Novartis Adds Nine New Treatments Under Pharmac Deal

Novartis New Zealand, the local unit of the global pharmaceuticals firm, has added nine new treatments in a far-ranging agreement with government drug buying agency, Pharmac. More>>

ALSO:

Crown Accounts: English Wary On Tax Take, Could Threaten Surplus

Finance Minister Bill English is warning the tax take may come in below forecast in the current financial year, as figures released today confirm it was short by nearly $1 billion in the year to June 30 and English warned of the potential impact of slumping receipts from agricultural exports. More>>

ALSO:

Auckland Outage: Power Mostly Restored Overnight

Vector wishes to advise that all but 324 customers have been restored overnight. These customers are spread throughout the network in small pockets. The main St Johns feeder was restored around midnight allowing most of the customers in all affected areas to have power this morning. More>>

ALSO:

Half Empty: Dairy Prices Drop To Lowest Since August 2009

Dairy product prices fell to the lowest level in more than five years in the latest GlobalDairyTrade auction, led by declines in butter milk powder and whole milk powder. More>>

ALSO:

Get More From Scoop

 
 
Standards New Zealand

Standards New Zealand

Mosh Social Media
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news