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

 

DFNZ Welcomes WTO Ruling On Canadian Dairy Export

14 October 1999

PR110/99

DAIRY FARMERS OF NEW ZEALAND WELCOMES WTO RULING ON CANADIAN DAIRY EXPORT SUBSIDIES

Dairy Farmers of New Zealand welcomed news from the World Trade Organisation that Canada's dairy export subsidy scheme has been ruled illegal under the WTO agreement on agriculture.

Charlie Pedersen, Chairman of DFNZ, said that this ruling will be heartening news for New Zealand dairy farmers.

"Small exporting countries like New Zealand are particularly vulnerable to the economic and political maneuvering of larger exporting countries like Canada," said Mr Pedersen.

"This ruling shows that small exporting countries like New Zealand cannot be pushed around by the bigger players. The WTO is working well for New Zealand dairy farmers."

The world dairy market is heavily subsidised. Over US$2 billion is paid out in dairy export subsidies each year. Each year, New Zealand dairy farmers pay US$358 million in tariffs, which assists the governments collecting the tariffs to pay subsidies to their own farmers.

"This is the trading reality that New Zealand faces and which makes our business environment so difficult. It is why we need to get rid of tariffs and subsidies once and for all," concluded Mr Pedersen.

ENDS

For further information:

Charlie Pedersen 06-329-9896 or 025-463-480

Kevin Petersen 04-473-7269


© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 

Trees: Surge Funding For Kauri Dieback And Myrtle Rust Research

“The $13.75 million investment announced today will mean that scientists can begin critically important research into kauri dieback and myrtle rust. It is vital that we get this work underway now to ensure that we combat these two pathogens and protect these taonga species." More>>

ALSO:

In Time For The Cup: Spark Sets 5G Date, Without Any Spectrum

Spark chief executive Simon Moutter has a big hairy audacious goal, to get the company's 5G mobile network up and running by July 2020 ... More>>

ALSO:

Mesh Mess: Commerce Commission To Appeal Steel & Tube Sentence

The Commission has today filed an appeal against the sentence imposed on Steel and Tube Holdings Limited (Steel & Tube) for false and misleading representations about steel mesh products. More>>

"Bipartisan Inaction": Rapid Rent Increases

The median nationwide rent has gone up $20 a week over the past two month, a rapid increase that is part of an upward trend overseen by both Labour and National Governments... More>>

ALSO: