Gordon Campbell | Parliament TV | Parliament Today | Video | Questions Of the Day | Search


Future Bright For Hoki, Say Ministers

The European Union’s recent decision to again provide a reduced tariff for hoki imports this year is great news for the New Zealand fishing industry.

But Trade Negotiations Minister Jim Sutton and Fisheries Minister Pete Hodgson said that an even better arrangement was close at hand.

"The EU has approved access arrangements for hoki whereby unlimited quantities of the product can be exported to the EU at a significantly lower rate of duty," Mr Sutton said.

The EU?s new low duty tariff quota is restricted to 20,000 tonnes, and runs from 1 April to the end of the year. Any product that enters above that limit, or indeed outside the time period, incurs the normal duty of 7.5 percent. By virtue of its WTO commitments, the EU cannot impose a higher duty.

But Mr Sutton and Mr Hodgson said that the yearly negotiation of a tariff rate quota would soon be a thing of the past.

"The EU passed a regulation late last year which provides, amongst many other things, for a total suspension of the normal duty rate on hoki. In other words, our industry will soon be able to export to the EU as much as it can sell, and at only 3.5 percent duty, which is well below the EU?s WTO negotiated rate of 7.5 percent," said Mr Sutton.

This new regime will enter into force on 1 January next year.

Mr Hodgson welcomed the tariff announcement, saying it would be good news for New Zealand's hoki industry.

Total hoki exports to the European Union are valued at around $100 million annually. The recently announced low duty tariff quota is available on a first-come first served basis, and is estimated to be worth around $4 million dollars to the seafood industry. However, with year round access for hoki exports at 3.5 percent duty, the financial benefits will be even higher.

"Our industry estimates that the unlimited access to the EU market for hoki, at a reduced tariff of 3.5 percent, will be worth at least $5-6 million annually," Mr Sutton said.

The future seems very bright indeed for hoki, Mr Sutton and Mr Hodgson said.


© Scoop Media

Parliament Headlines | Politics Headlines | Regional Headlines


Breed Laws Don’t Work: Vets On New National Dog Control Plan

It is pleasing therefore to see Louise Upston Associate Minister for Local Government calling for a comprehensive solution... However, relying on breed specific laws to manage dog aggression will not work. More>>


Corrections Corrected: Supreme Court Rules On Release Dates

Corrections has always followed the lawful rulings of the Court in its calculation of sentence release dates. On four previous occasions, the Court of Appeal had upheld Corrections’ practices in calculating pre-sentence detention. More>>


Not Waiting On Select Committee: Green Party Releases Medically-Assisted Dying Policy

“Adults with a terminal illness should have the right to choose a medically assisted death,” Green Party health spokesperson Kevin Hague said. “The Green Party does not support extending assisted dying to people who aren't terminally ill because we can’t be confident that this won't further marginalise the lives of people with disabilities." More>>


General Election Review: Changes To Electoral Act Introduced

More effective systems in polling places and earlier counting of advanced votes are on their way through proposed changes to our electoral laws, Justice Minister Amy Adams says. More>>

Gordon Campbell: On Our Posturing At The UN

In New York, Key basically took an old May 2 Washington Post article written by Barack Obama, recycled it back to the Americans, and still scored headlines here at home… We’ve had a double serving of this kind of comfort food. More>>


Treaty Settlements: Bills Delayed As NZ First Pulls Support

Ngāruahine, Te Atiawa and Taranaki are reeling today as they learnt that the third and final readings of each Iwi’s Historical Treaty Settlement Bills scheduled for this Friday, have been put in jeopardy by the actions of NZ First. More>>


Gordon Campbell: On The Damage De-Regulation Is Doing To Fisheries And Education, Plus Kate Tempest

Our faith in the benign workings of the market – and of the light-handed regulation that goes with it – has had a body count. Back in 1992, the free market friendly Health Safety and Employment Act gutted the labour inspectorate and turned forestry, mining and other workplace sites into death traps, long before the Pike River disaster. More>>

Get More From Scoop



Search Scoop  
Powered by Vodafone
NZ independent news