https://www.scoop.co.nz/stories/BU2605/S00270/new-zealand-india-free-trade-agreement-promising-for-timber-sector.htm
|
| ||
New Zealand–India Free Trade Agreement Promising For Timber Sector |
||
The New Zealand Timber Industry Federation (NZTIF) says the recently concluded Free Trade Agreement (FTA) with India is already delivering encouraging early results, with increased enquiry levels being reported by New Zealand sawmills.
NZTIF members are experiencing a noticeable uplift in interest from Indian buyers for New Zealand sawn timber products, signalling growing market confidence and improved access following the agreement.
“We are already seeing tangible benefits from the New Zealand–India FTA,” said NZTIF. “Sawmills are reporting a rise in enquiries for sawn product from India, which is a positive early indicator of demand growth in what has the potential to become significant and expanding market.”
India represents a major opportunity for New Zealand’s timber industry, driven by strong construction demand, urbanisation, and an increasing preference for sustainably sourced wood products.
NZTIF noted that while it is still early days, the immediate lift in enquiries demonstrates the importance of trade agreements in unlocking new opportunities for New Zealand manufacturers and exporters.
“These early signals reinforce the value of the agreement for the forestry and wood processing sector. Continued engagement, alongside strong industry capability, will be key to converting interest into long-term trade relationships,” NZTIF said.
The Federation will continue to work with members and government to maximise the benefits of the agreement and support the growth of New Zealand’s timber exports into India.
About the New Zealand Timber Industry
Federation (NZTIF):
The New Zealand Timber
Industry Federation represents the interests of the
country’s sawmilling and wood processing sector. NZTIF
advocates for policies that support a competitive,
sustainable, and growing domestic timber industry, and works
to promote the use of New Zealand wood products in both
domestic and international
markets.
Home Page | Business | Previous Story | Next Story
Copyright (c) Scoop Media