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

 


Warning Signs in Fonterra Deal

Rt Hon Winston Peters

New Zealand First Leader

29 AUGUST 2014

FONTERRA DEAL SIGNALS WARNING FOR FUTURE OF NZ DAIRYING

Fonterra’s new deal with a Chinese infant food maker signals New Zealand may be losing control of its dairying future, says New Zealand First Leader Rt Hon Winston Peters.
“Fonterra’s announcement of a joint venture with Beingmate two days ago was launched with the usual ballyhoo and unquestioned acclaim, but it has warning bells all over it,” he told a breakfast meeting of North Harbour Rotary today.

“Fonterra is doing the reverse of two large Chinese state companies, Mengniu-Yili (building a plant at Glenavy in South Canterbury) and Yashili (building a processing plant in Pokeno).

“The Chinese of course know what they are doing and for that they have my respect.

“Why doesn’t Fonterra add value to New Zealand raw material, create jobs in New Zealand, and establish New Zealand as the world-class centre for the development, production and marketing of world class Infant Formula to the world?

“Why are we allowing Chinese companies to enter New Zealand, mix/blend imported milk powder from their Chinese operations with New Zealand dairy powders and trade off Brand New Zealand back in China, claiming it’s made in New Zealand and is a product of New Zealand?

“Why are they using transfer pricing, and inter-company trading to undercut New Zealand-owned companies who are trying to trade and use the China-New Zealand Free Trade Agreement to our advantage, and opening the doors for Chinese companies to set up in New Zealand and use the FTA to China’s advantage.

“While Fonterra denied the China deal was linked to the botulism scare, the announcement came exactly a year after Fonterra and the government said the scare was a false alarm.”

Mr Peters pointed to the “worsening issue of sovereignty and market Brand New Zealand being determined by Chinese officials as to which industrial dairy plants they will recognise.

“In a few year’s time where dairying is concerned, it will not be in control of its own destiny.

“We will be developing raw-based material, sell it as a commodity at the lowest end of its value and be letting Chinese owned and controlled companies add value and earn valuable export earnings, which New Zealand companies should be earning.

“Where does NZTE, MFAT, and MPI stand while all this is going on?“

ENDS

© Scoop Media

 
 
 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

 

PARLIAMENT TODAY:

Post-Cabinet Presser: EQC Reform, Greece & Surplus Stimulation

Prime Minister John key discussed proposals for reform of the EQC act and the Greek economic crisis at a press conference in Wellington. More>>

ALSO:

GCSB/NZSIS: Intelligence And Security Reviewers Seek Public’s Views

“We are seeking public submissions to help us determine what issues to focus on during the review,” says Sir Michael Cullen. “We want to hear your views on what the GCSB and NZSIS should be doing to protect New Zealand and how they should do it.” More>>

Education: Schools Funded To Trial Innovative Approaches

Education Minister Hekia Parata has announced the successful applicants for a new $10 million fund to encourage innovative teaching practices. “I’m delighted with the quality of the 39 projects that have won funding in the first round of the Teacher-led Innovation Fund worth a total of about $2.6 million,” says Ms Parata. More>>

ALSO:

Generation Zero: Skypath Granted Resource Consent

Generation Zero is delighted and relieved that the ‘Skypath’ walking and cycling addition to the Harbour Bridge has been granted resource consent. More>>

ALSO:

Housing: Two New Auckland Special Housing Areas

Two new greenfield Special Housing Areas (SHAs) that will provide up to 1800 new homes in Auckland have been announced today by Building and Housing Minister Dr Nick Smith and Mayor Len Brown. More>>

ALSO:

Royals: The Prince Of Wales And Duchess Of Cornwall To Visit

Prime Minister John Key welcomes today’s announcement that the Prince of Wales and The Duchess of Cornwall will visit New Zealand in November. This will be the second joint visit for Their Royal Highnesses to New Zealand. More>>

ALSO:

Tracey Martin Replaced: Ron Mark Is New New Zealand First Deputy Leader

Clayton Mitchell was the successful candidate for the Associate Whip position. Winston Peters was re-elected as Leader by the Caucus. Ron Mark was elected as the Deputy Leader with effect from 10am, Friday, 3rd July. More>>

ALSO:

Rebuild Rebrand: "Regenerate Christchurch" To Replace CERA

The regeneration of Christchurch will be the city’s focus for the next five years as local leadership progressively takes control of the rebuild, Canterbury Earthquake Recovery Minister Gerry Brownlee says. More>>

ALSO:

Nauru: Scholars Urge Minister To Act On Deteriorating Democracy

“Since the 2013 election in Nauru, there has been a series of disturbing developments on the islands that indicate a severe deterioration in the state of its parliamentary democracy and in the rule of law,” say the scholars. More>>

ALSO:

Get More From Scoop

 

LATEST HEADLINES

 
 
 
 
 
More RSS  RSS
 
 
 
 
Parliament
Search Scoop  
 
 
Powered by Vodafone
NZ independent news