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

 

Wine Industry welcomes progress with South Korea Trade Deal

Wine Industry welcomes progress with South Korea Trade Deal

New Zealand Winegrowers welcomes news that the Tariff Amendment Bill was passed through Parliament on Friday, a big step towards implementing the Free Trade Agreement with South Korea.

The negotiators have achieved a great outcome for the wine industry, said Philip Gregan, ‘tariff free access into South Korea at the time the agreement comes into force represents a significant boost to our export ambitions in one of the key Asian markets.’

The announcement is timely with the upcoming New Zealand Wine Fair being held in Seoul next month. The Wine Fair is part of the New Zealand Festival in Korea, a New Zealand Trade and Enterprise and the Ministry of Foreign Affairs and Trade initiative.

‘We would like to congratulate the government and the negotiating team for achieving this very positive outcome for New Zealand wine. It will provide a very solid base for our future growth in South Korea’ said Mr Gregan.

Wine exports to South Korea were valued at $1.8 million for the June year end 2015, and have increased 46% in the last five years.

ENDS

© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 

Fuels Rushing In: Govt "Ready To Act" On Petrol Market Report

The Government will now take the Commerce Commission’s recommendations to Cabinet...
• A more transparent wholesale pricing regime • Greater contractual freedoms and fairer terms • Introducing an enforceable industry code of conduct • Improve transparency of premium grade fuel pricing... More>>

ALSO:

Reserve Bank Capital Review Decision: Increased Bank Capital Requirements

Governor Adrian Orr said the decisions to increase capital requirements are about making the banking system safer for all New Zealanders, and will ensure bank owners have a meaningful stake in their businesses. More>>

ALSO:

Aerospace: Christchurch Plan To Be NZ's Testbed

Christchurch aims to be at the centre of New Zealand’s burgeoning aerospace sector by 2025, according to the city’s aerospace strategic plan. More>>

ALSO:

EPA: Spill Sees Abatement Notice Served For Tamarind Taranaki

The notice was issued after a “sheen” on the sea surface was reported to regulators on Thursday 21 November, approximately 400 metres from the FPSO Umuroa. A survey commissioned by Tamarind has subsequently detected damage to the flowline connecting the Umuroa to the Tui 2H well. More>>

Taskforce Report: Changes Recommended For Winter Grazing

A Taskforce has made 11 recommendations to improve animal welfare in intensive winter grazing farm systems, the Minister of Agriculture Damien O’Connor confirmed today. More>>

ALSO: