Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 

Meat Industry Welcomes Increased Eu Beef Quota


Meat Industry Welcomes Increased Eu Beef Quota

Meat & Wool New Zealand Chairman Jeff Grant, and Meat Industry Association Chairman Bill Falconer, welcomed the Government’s announcement today that New Zealand’s beef quota to the EU will be substantially expanded.

Minister for Trade Negotiations Jim Sutton announced today that New Zealand’s current quota for high quality beef of 300 tonnes product weight will be expanded to 1,300 tonnes. This represents an increase of more than three times New Zealand’s existing quota access. The existing 20% in-quota tariff for high quality beef will apply.

The increased quota access is a result of the EU’s enlargement in May 2004 to include 10 new European countries and reflects New Zealand’s historic trade in beef with the newly acceded EU members, particularly Malta and Cyprus.

“This is a good outcome for New Zealand exporters” said Mr Grant. “The increased access appropriately recognises New Zealand’s historic beef trade with the new EU members and ensures that New Zealand exporters are not in a less favourable position than they were prior to the EU’s enlargement. The negotiations have been complex and we appreciate the efforts of the Minister and officials in achieving this outcome.”

The Government announced in September that the EU had agreed to allocate a further 1,154 tonnes c.w.e[1] of sheepmeat quota to New Zealand as a result of the enlargement. It is anticipated that the increased quota access for sheepmeat and beef to the EU will be implemented by 1 January 2006.

© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 

Reserve Bank: Policy Lessons From A Year Of Covid-19

The Reserve Bank of New Zealand – Te Pūtea Matua was in a sound position to continue to meet its mandate in the face of the COVID-19 induced economic shock. However, we must continue to transform so as to remain relevant and effective in addressing longer-term challenges, Reserve Bank Governor Adrian Orr said... More>>


Transport Industry Association: Feb 2021 New Vehicle Registrations Strongest On Record

Motor Industry Association Chief Executive David Crawford says that the February 2021 figures are the strongest for the month of February ever. Registrations of 12,358 were 8.0% up on February 2020. Year to date the market is up 7.1% (1,735 units) compared to the first two months of 2020... More>>

Paymark: Lockdown Equals Slowdown For Some

The three days of lockdown for Auckland earlier this month made a clear impression on our retail spending figures. While only Auckland moved into Level 3 lockdown, the impact was felt across the country, albeit at different levels. Looking at the ... More>>

Infrastructure Commission: Te Waihanga Releases Report On Water Infrastructure

The New Zealand Infrastructure Commission, Te Waihanga’s latest discussion document highlights the importance of current reforms in the water sector. Its State of Play discussion document about water infrastructure is one of a series looking at the ... More>>


OECD: Annual Inflation Picks Up To 1.5% In January 2021 While Euro Area Records Sharp Increase To 0.9%

Annual inflation in the OECD area picked up to 1.5% in January 2021, compared with 1.2% in December 2020. Following a rebound between December and January, the annual decline in energy prices was less pronounced in January (minus 3.9%) than in December... More>>


Hemp Industries Association: Could The Next Team NZ Boat Be Made Entirely Of Hemp?

With The America’s Cup due to start in a few days’ time, innovators from a very different sphere have been wondering how long it could be before New Zealand could be competing in a boat entirely built from hemp, with the crew eating high-energy, nutritious hemp-infused foods and wearing high-performance hemp kit..? More>>


ACT: Matariki Almost A Half Billion Dollar Tax On Business

“Official advice to the Government says an extra public holiday at Matariki could cost almost $450 million,” ACT Leader David Seymour can reveal. “This is a perfect example of the Prime Minister doing what’s popular versus what’s responsible. ... More>>

Genesis: Assessing 6,000 GWh Of Renewable Generation Options For Development By 2025

Genesis is assessing 6,000 GWh of renewable generation options for development after starting a closed RFP process with 11 partners. Those invited to participate offer a range of technologies as Genesis continues to execute its Future-gen strategy to ... More>>