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


Fish and seafood trade could double under TPP

Hon Todd McClay
Minister of Trade

1 April 2016
Media Statement

Fish and seafood trade could double under TPP

The benefits to New Zealand’s fishing and seafood industry will be very significant once all tariffs are eliminated under the Trans-Pacific Partnership (TPP).

Trade Minister Todd McClay told a Nelson Chamber of Commerce audience that the region, the home of Australasia’s largest fishing port, that he believes the agreement will enable the industry to double its exports to one billion dollars.

“Last year, we exported $581 million in fish and seafood into TPP countries.

Once all duties are eliminated the savings will be $9 million every year,” says Mr McClay.

While most of our fish into the United States and Canada is already duty free, other markets among TPP countries are not.

“Japan is particularly significant. We curre
ntly export $179 million into that market and all of the product attracts tariffs. When TPP enters into force, 58 per cent of those duties will disappear, 95 per cent will be eliminated within five years and 99 per cent in 11 years.

“Mexico is also worthy of note. New Zealand mussels currently attract a 20 per cent tariff into that country. That tariff is eliminated the minute TPP comes into force.

“But, importantly, behind the big tariff saving numbers are rural communities and towns where increased trade means higher wages and more jobs,” says Mr McClay.


© Scoop Media

Parliament Headlines | Politics Headlines | Regional Headlines


Dealing Crackdown, Addiction Support: Government Action On Synthetics

The NZ Drug Foundation has welcomed the Government’s response to synthetic drug deaths. The response strikes a balance between giving law enforcement the tools they need to target criminal networks and changing drug law to make it easier for people to access help when they need it. More>>


Strategy Committee Unanimous: Wellington To Forge Ahead With Convention Centre

The three-storey Cable Street building, with around 18,000-square metres of floor space, will comfortably be able to host 1500 people for conventions. It includes a 1651sq m exhibition area that will attract international exhibitions too big for nearby Te Papa and provide an always-changing visitor attraction. More>>


Surveying The Surveillance: First IGIS Review Of Warrants Under New Act

The report sets out the Inspector-General’s interpretation of the new warrant provisions under the ISA and her expectations of the GCSB and NZSIS when they prepare warrant applications. More>>

SSC: 2018 Public Service Workforce Data Published

State Services Commissioner Peter Hughes has published the 2018 Our People, Public Service Workforce Data , which shows the Public Service is making significant progress in important areas. More>>


Sinking Cap: Auctions, Permanent Forests, Added To ETS

The move to auctions, signalled in an August consultation paper, will help put a cap on the number of emission units available over time. Annual announcements, looking forward five years, will help provide certainty for scheme participants, she said. More>>


Joint Select Committee Report: Achieving Smokefree 2025

In a historic first for select committees, the Māori Affairs Committee and the Health Committee presented their joint report on achieving the Smokefree 2025 goal to the House on Tuesday, 11 December 2018. More>>

"Shared Interests And Democratic Values": Peters To Visit USA

Deputy Prime Minister and Foreign Affairs Minister Winston Peters will travel to Washington D.C. for talks with US Secretary of State Michael R. Pompeo and other senior members of the US Administration. More>>




InfoPages News Channels