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

 

Horticulture shows ‘spectacular’ growth

Horticulture shows ‘spectacular’ growth

Source: Horticulture NZ

--

Horticulture has experienced a spectacular 40 percent growth in export earnings since 2014, according to a new report, with tariffs on exported produce down by 22 percent since 2012.

The New Zealand Horticulture Export Authority (HEA) and Horticulture New Zealand commission the report New Zealand Horticulture - Barriers to Our Export Trade every two years, with funding support from the Ministry of Foreign Affairs and Trade and NZ Fruitgrowers Charitable Trust.

The report, launched at an event in Wellington today, says horticultural produce exporters paid an estimated $190 million in tariffs, a reduction of 22 percent on 2012’s figure of $241 million.

About 60 percent of New Zealand’s total horticultural production of fruit and vegetables is exported, valued at just over $3.4 billion.

The report, prepared by Wellington-based company Market Access Solutionz, is used extensively by industry and government agencies as a reference point for negotiators to improve market access and helping exporters to develop new market opportunities.

"The nine free-trade agreements [China, Australia, AANZFTA, Hong Kong, Malaysia, Singapore, Thailand, P4, and Korea] now in effect are delivering benefits as overall trade value increases while the relative tariff cost falls," Horticulture Export Authority chief executive Simon Hegarty says.

"This report confirms the real value benefits from our trade agreements, and our need to sustain efforts developing new agreements to maintain our international competitiveness."

There remains a notable trend for many importing countries to apply non-tariff trade measures (NTMs), such as sanitary and phytosanitary issues, and other technical compliance requirements. A NZIER discussion paper on APEC wide NTMs, released on 28 November, also highlights this aspect. However, the specific New Zealand Horticulture report addresses both tariff and non-tariff measures, and relies on current 2016 trade data to update earlier reports dating back to 2004. Horticulture New Zealand chief executive Mike Chapman, says that reducing the NTMs’ impact is key to maintaining horticulture’s growth targets.

"New Zealand’s wealth is driven by our exports, and anything the Government can do to improve our ability to export adds to our country's wealth," says Chapman.

"It is important that exporters and Government jointly recognise the risks posed by non-tariff barriers, and take appropriate steps to maintain horticulture’s goal of being a $10 billion industry by 2020."

The Executive Summary of the report is available on the Horticulture Export Authority website.

ENDS


© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 

Reserve Bank: RBNZ To Implement $30bn Large Scale Asset Purchase Programme Of NZ Govt Bonds

The Monetary Policy Committee (MPC) has decided to implement a Large Scale Asset Purchase programme (LSAP) of New Zealand government bonds. The negative economic implications of the coronavirus outbreak have continued to intensify. The Committee ... More>>

ALSO:

Elevate NZ: Venture Fund To Lift Productivity

The Government’s new $300 million venture capital fund - announced in last year’s Budget – is now open for business as the Elevate NZ Venture Fund. Finance Minister Grant Robertson says lifting New Zealand's productivity requires well-functioning ... More>>

ALSO:


COVID-19: Case Confirmed In NZ – Expert Reaction

After spreading across the globe for months, the first case of COVID-19 has been reported in New Zealand. The Ministry of Health says the risk of a community outbreak is low, due to their preparedness and the high awareness of the disease. The Science ... More>>

ALSO:

Agriculture: New Legislation To Boost Organics

New organics legislation will boost consumer confidence and help grow an innovative sector, says Food Safety Minister Damien O’Connor. “The Organics Product Bill, introduced to Parliament this week, aims to increase consumer confidence when purchasing ... More>>

ALSO:

Biodiversity Policy: Misinformation Circulating

Forest & Bird is concerned at misinformation circulating regarding a policy statement aimed at protecting New Zealand’s unique biodiversity. The National Policy Statement for Indigenous Biodiversity is being consulted on by the ... More>>

ALSO: