Agreement On Lamb Tariff Ruling Reached
Wednesday, 15 August 2001, 9:05 am
Press Release: New Zealand Government
New Zealand and Australia have agreed to allow the United
States additional time to conclude an agreement with its
sheepmeat industry which would result in the industry itself
requesting that the safeguard be removed, Trade Negotiations
Minister Jim Sutton said today.
"Such a result would be
the best possible outcome."
Mr Sutton said no further
action would be taken by New Zealand and Australia against
the United States till September 1.
"New Zealand has
preserved its legal rights. We can still take this to
arbitration if we think that the negotiation with the US
industry is running out of steam. But we believe there are
good prospects that it will not come to that."
Ends
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