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

 

Upgrade of FTA with China offer boost for timber industry

Upgrade of Free Trade Arrangement with China offer boost for New Zealand timber industry

News of plans to upgrade New Zealand’s free trade agreement with China should open trade doors for more timber exports to China, and more employment in New Zealand, according to the Chair of the New Zealand Wood Council, Brian Stanley.

The Prime Minister, John Key, says New Zealand’s main aim in the China FTA upgrade is to reduce dairy quotas, but he also emphasised other improved trade prospects in China, including timber exports.

New Zealand dairy exports to China are presently worth $2.9 billion a year, while forest products are New Zealand’s second most important export to China, at $1.8 billion a year.

Brian Stanley says the New Zealand negotiators will be looking at current non-tariff barriers for New Zealand timber exports to China.

“The Chinese timber industry has all sorts of government assistance against imports, and even when we are competing against other exporters there, such as the US and Canada, the Chinese regulations are stacked against us. We’d also want more transparency in their phytosanitary rules.”

Brian Stanley says the New Zealand industry would like to see the China FTA result in more production and work for processors in New Zealand.

“At the moment China takes more than two-thirds of our log exports, but it lags behind the United States, Australia and Japan for importing processed timber from New Zealand, such as sawn timber, panels and paper.”

© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 


Tegel: Chicken Prices On The Rise But It’s Still The Favourite Protein For Kiwi Families

A combination of domestic and international factors is forcing New Zealand’s largest poultry supplier Tegel to raise its prices from July. The roughly 10% price rise is a result of ongoing cost pressures on the industry, including increases in labour... More>>

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>>


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>>