EU/NZ FTA signed soon?
The European Union's ambassador to NZ, Nina Obermaier, is hopeful that the FTA negotiated last year will be signed off by the middle of this year.
The UK’s impending exit from the European Union is one of the most important market access issues NZ meat industry has faced in recent years.
This week the UK triggered Article 50 of the Lisbon Treaty, beginning the process of exiting the EU.
Meat Industry Association chairman, John Loughlin says the important thing to remember is that the UK’s negotiations with the EU are likely to take at least two years under the Lisbon Treaty.
The EU28 currently takes nearly 50% of New Zealand’s total global sheepmeat exports, worth almost $1.3 billion. Of that nearly half goes to the UK. The EU is also a highly valuable market for beef despite access being significantly constrained by small levels of current access. Consumers in these markets prefer New Zealand’s highest value lamb and beef cuts.
All of these exports currently enter the EU under quotas bound in the EU’s WTO schedule. Without this quota access there would be virtually no sheep or beef exports to the EU or UK as the out of quota tariff rates are so high.
“The sheep and beef industry will continue to work closely with the New Zealand government over the next couple of years as this process unfolds,” says Loughlin.
Under WTO rules, the quantity and quality of New Zealand’s sheep and beef access into both the European Union and United Kingdom cannot be eroded as a result of this process, says James Parsons, chairman of Beef + Lamb New Zealand.
A key component of the quality of New Zealand’s access is the flexibility the industry has in deciding whether to export to the United Kingdom or European Union depending on market conditions.
“We are pleased there have been statements by the UK that its intention is that trading partners should be no worse off as a result of Brexit,” Parsons says.
South Waikato farm manager Ben Purua’s amazing transformation from gang life to milking cows was rewarded with the Ahuwhenua Young Maori Farmer award last night.
Bankers have been making record profits in the last few years, but those aren’t the only records they’ve been breaking, says Federated Farmers vice president Richard McIntyre.
The 2023-24 season has been a roller coaster ride for Waikato dairy farmers, according to Federated Farmers dairy section chair, Mathew Zonderop.
Ministry for Primary Industries (MPI) director general Ray Smith says job cuts announced this morning will not impact the way the Ministry is organised or merge business units.
Scales Corporation is acquiring a number of orchard assets from Bostock Group.
Family and solidarity shone through at the 75 years of Ferdon sale in Otorohanga last month.
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