Gordon Campbell | Parliament TV | Parliament Today | News Video | Crime | Employers | Housing | Immigration | Legal | Local Govt. | Maori | Welfare | Unions | Youth | Search

 

FTA negotiation with Malaysia welcomed

FTA negotiation with Malaysia welcomed

Meat & Wool New Zealand Chief Executive Mark Jeffries has welcomed today’s announcement that New Zealand and Malaysia will commence Free Trade Agreement (FTA) negotiations.

“Malaysia is an increasingly important market for New Zealand meat and wool products. An FTA will deepen our trade and economic relationship and this promises to benefit New Zealand meat and wool farmers and industry,” he said.

Prime Ministers Clark and Badawi announced today that New Zealand and Malaysia would soon commence negotiation of an FTA. The Government released its study into the benefits of an FTA with Malaysia earlier this month. The study concluded that a comprehensive FTA would provide real benefits to both countries. As well as cutting tariffs, other areas where an FTA could facilitate trade through strengthened cooperation were highlighted by the Study.

In 2004 exports of sheepmeat, beef and wool totalled approximately NZ$78 million or 15% of New Zealand’s total exports to Malaysia. Malaysia is New Zealand’s second largest market for beef offals and eighth largest market for beef by value. New Zealand is also the main supplier of sheepmeat to Malaysia. New Zealand high quality meat cuts supply the Malaysian hotel and restaurant trade, while other meat products are imported for further processing. Bilateral trade in wool products is currently small but has shown recent rapid growth.

Mr Jeffries said Meat & Wool New Zealand supported the Government’s efforts to improve market access and address technical barriers to trade in meat and wool products through the conclusion of free trade agreements.

Trade Statistics for year ended 30 September 2004 meat and 30 June 2004 wool:

NZ Beef and beef offal exports: 18,400 tonnes (including 10,000 tonnes edible offals) at NZ$54.1 million FOB
NZ Sheepmeat exports: 6,100 tonnes at NZ$23.4 million FOB
NZ Wool exports: 80 tonnes clean at NZ$560,000 FOB.

ENDS

© Scoop Media

 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

Gordon Campbell: On The Peters/Ardern Triumph

There are a lot of good reasons to feel joyful about this outcome. It is what so many young voters – the best hope for the country’s future – wanted.

Far more important than the implications for the Economy Gods ( is the dollar up or down? ) last night’s outcome will also mean many, many vulnerable New Zealanders will have a better life over the next three years at least.

Yet the desire for change was in the majority, across the country..>>>More


Reaction

Labour on its agreement |Peters: Post-Election Announcement Speech | Greenpeace “cautiously hopeful” about new Government | ACT - Madman on the loose | E tū ecstatic | Chamber welcomes the outcome | Greens on their joining Govt | EDS welcomes new govt | Immigrant groups worry | Feds ready to engage new coalition government | Labour Ministers of the Crown announced

 

Climate: Increasing Greenhouse Emissions Hit NZ

New Zealand is seeing impacts of excess greenhouse gas emissions in our climate and oceans, according to the latest national report from the Ministry for the Environment and Stats NZ about the state of the atmosphere and climate…More>>

ALSO:


Wellington.Scoop: Arrests At Blockade Of "Weapons Expo"

“We encourage people in Wellington to get down to the Westpac Stadium now for a day of awesome peace action. There will be plenty of food, music and activities to keep us sustained through the day.” More>>

ALSO:

Rorschach Restructuring: PSA Taking Inland Revenue To Court Over Psychometrics

The Public Service Association will be seeing Inland Revenue in Employment Court over its intention to psychometrically test employees reapplying for their roles at the department as part of its controversial Business Transformation restructuring plan. More>>

ALSO:

Nuclear Disarmament: Nobel Peace Prize 2017 Awarded To ICAN

Congratulations from iCAN Aotearoa New Zealand to international iCAN, the other iCAN national campaigns and partner organisations, and the countless organisations and individuals who have worked so hard for a nuclear weapons-free world since 1945. More>>

ALSO:

Expenses: Waikato DHB CEO Resigns

An independent inquiry has identified that Dr Murray had spent more than the agreed $25K allocated for relocation costs, and other unauthorized expenses involving potential financial breaches of the chief executive’s obligations. More>>

ALSO:

Wellington.Scoop: Sad About The Trolley Buses?

The Regional Council’s MetLink is today spending money to tell us that it really loves Wellington’s trolley buses, even though they’re all being taken off our roads by the end of this month. More>>

ALSO:

Post-Election: Preliminary Coalition Talks Begin

New Zealand First will hold post-election preliminary discussions in Wellington with the National Party tomorrow morning and the Labour Party tomorrow afternoon. More>>

 
 
 
 
 

LATEST HEADLINES

  • PARLIAMENT
  • POLITICS
  • REGIONAL
 
 

Featured InfoPages

Opening the Election