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: Leighton-Led WGP To Build, Manage Transmission Gully

The Wellington Gateway Partnership, led by a unit of ASX-listed Leighton Holdings, has won the $1 billion contract to build the Transmission Gully road north of Wellington. More>>

ALSO:

Gareth Morgan: The Government’s Fresh Water Policy – Revisited

Fresh water quality is the latest area to be in the sights of Gareth Morgan and his research organisation The Morgan Foundation... They found that the fresh water policy was a bit murkier than the Environment Minister let on. More>>

ALSO:

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:

Get More From Scoop

 
 
Computer Power Plus

Standards New Zealand

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