Tariff Amendment Bill a Significant Win
Tariff Amendment Bill a Significant Win for Kiwifruit Growers
New Zealand Kiwifruit Growers Inc. (NZKGI) welcomes yesterday’s passing of the Tariff Amendment Bill in parliament – a positive step toward a Free Trade Agreement with South Korea.
NZKGI president Neil Trebilco said cutting the tariff is a big win for kiwifruit growers.
“The agreement will eliminate a 45 per cent tariff on New Zealand kiwifruit over five years, creating significant savings for growers.”
“The agreement will also bring about parity with Chilean competitors who have been on a zero tariff since concluding their own Free Trade Agreement in 2004.”
“The duty Zespri and NZ kiwifruit growers pay to South Korea is the highest in any market that we have around the world so this is very welcome news. It will enable the industry to better compete in the market.”
“It has been a long negotiation and we thank both governments for their efforts.”
The Korean Parliament now needs to complete its consideration of the Free Trade Agreement to it bring into force. Hopefully in time for the 2016 export season.
Korea is kiwifruit’s fourth biggest market after Europe, Japan and China.
For further comment, contact NZKGI Chief Executive, Mike Chapman 027 487 4264