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

Patience: Drive Safe

Be patient before passing is the AA's message for drivers this Labour weekend.

"People taking crazy risks to get past other vehicles is one of the most dangerous things on the road,” says AA spokesperson Dylan Thomsen.

“The weather is looking good for the long weekend so the roads will be busy. Unfortunately, that also increases the chances of people getting frustrated and trying a risky passing manoeuvre. When they get past, there will probably be more traffic up ahead anyway so it won’t get people there faster.” More>>

 
 

Parliament Today:

Employment Relations Bill: Govt Strains To Get Tea Break Law Through

The Government has been left with egg on its face - failing to get its much-vaunted, but hugely unpopular, meal break law passed in the first week of its new term, Labour spokesperson on Labour Issues Andrew Little says. More>>

ALSO:

Guns: Police Association Call To Arm Police Full Time

"The new minister gave his view, that Police do not need to be armed, while standing on the forecourt of parliament. The dark irony was that the interview followed immediately after breaking news of a gunman running amok in the Canadian parliament in Ottawa..." More>>

ALSO:

Gordon Campbell: On The Tokenism Of New Zealand's Role Against Islamic State

Our contribution against IS will be to send SAS forces to train the Iraqis? That’s like offering trainers to General Custer just as the 7th cavalry reached the Little Big Horn. More>>

ALSO:

Scoop Business: Shell And Todd Caught Drilling Without Approval

Multi-national oil company Shell’s New Zealand arm and local energy giant Todd Energy have breached the new law governing New Zealand’s Exclusive Economic Zone, the Environmental Protection Authority says in an Oct. 10 document released by the Green Party. More>>

ALSO:

Gordon Campbell: On Pharmac, Gough Whitlam And Sleater-Kinney

We’re not at the outset of these negotiations. The outset was six years ago, and negotiators were hoping to have some sort of ‘framework’ deal finished in time for the APEC meeting in a few weeks’ time. These ‘extreme’ positions are what we’ve reached near the intended end of the negotiations… More>>

ALSO:

PM Of Many Hats: Questions, No Answers On Whale Oil

Dr RUSSEL NORMAN (Co-Leader – Green) to the Prime Minister: How many times since November 2008 has he spoken with blogger Cameron Slater on the phone and how many times, if any, has he texted him?
Rt Hon JOHN KEY (Prime Minister): None in my capacity as Prime Minister. More>>

ALSO:

Aussie Investigation Dropped: Call On Minister McCully To Pursue The Case Of Balibo Five

West Papua Action is deeply concerned at the lack of any clear outcome from the Australian Federal Police inquiry into the 1975 deaths of the ‘Balibo Five’ including NZ journalist Gary Cunningham. More>>

ALSO:

'Feed The Kids' Bill: Metiria Turei To Lead Fight On Feeding Hungry Children

Green Party Co-leader Metiria Turei is urging all political parties to support the Feed the Kids Bill which she inherited today from Mana leader Hone Harawira. More>>

ALSO:

Parliament Today: State Opening Of Parliament

The House sat at 10.30am on Tuesday before MPs were summoned to hear the Speech from the Throne in the Legislative Council Chamber. More>>

ALSO:

Get More From Scoop

 

LATEST HEADLINES

 
 
 
 
 
 
 
 
Parliament
Search Scoop  
 
 
Powered by Vodafone
NZ independent news