Forestry Sector welcomes Free Trade Agreement

8 April 2008

Forestry Sector welcomes Free Trade Agreement

The forestry sector welcomes the signing of the Free Trade Agreement with China.

Wood Council of New Zealand Chairman Doug Ducker says that while the impact of the Free Trade Agreement with China would have only a small financial benefit to the log and forest products’ exporting sector, due to the low level of current tariffs, the recognition of New Zealand’s relationship with China in this way is expected to provide growth opportunities in the future.

In addition, it should provide a driver for the establishment of free trade agreements with countries where tariffs are higher. The success of MFAT officials in completing the FTA negotiation is applauded.

ENDS

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