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

 

Hospitality NZ: Hospitality Wages Jump 9% To Pass Living Wage
Wages and salaries across the hospitality sector continue to increase despite businesses having to battle through some of the toughest trading periods in living memory... More>>



Climate Leaders Coalition: Launches New Statement Of Ambition, Appoints New CEO Convenor

The Climate Leaders Coalition is tonight officially launching a new Statement of Ambition to accelerate business action on climate change... More>>


Retail: New Law Paves Way For Greater Supermarket Competition

Legislation that bans major supermarkets from blocking their competitors’ access to land to set up new stores paves the way for greater competition in the sector, Minister of Commerce and Consumer Affairs Dr David Clark said... More>>



MYOB: New Data Shows Increase In SMEs Experiencing Stress And Anxiety

The lingering impacts of the COVID-19 pandemic have led to a surge in the number of local SME owners and operators experiencing stress and anxiety, according to new research from business management platform, MYOB... More>>



Carbonz: Cashing In On Carbon: The New Marketplace Helping Native Forest To Thrive

The country’s first voluntary carbon credit marketplace, Carbonz, is here to restore native biodiversity and help Aotearoa reach its carbon zero goals by selling the first carbon credits exclusively from native forest... More>>
Entrust District: Dividend Will Be Welcomed After Another Tough Year
We’ve all heard of the saying; “if it sounds too good to be true, it probably is” but for Aucklanders within the Entrust District, getting their share of Entrust’s 2022 annual dividend payment really is as good as it sounds... More>>