Tuesday, 22 November 2016 11:55

NZ China FTA upgrade welcomed by Fonterra

Written by Rural News Group

font size decrease font size increase font size
Print
Email

Fonterra chairman John Wilson.

Fonterra has welcomed Prime Minister John Key's announcement at APEC of the launch of China NZ FTA upgrade negotiations.

The announcement followed a positive bilateral meeting between Trade Minister Todd McClay and Chinese Commerce Minister Gao Hucheng.

Fonterra chairman John Wilson said, "The upgrade of the FTA provides an opportunity to strengthen the already strong dairy relationship between New Zealand and China. I am pleased that the leadership of both countries recognise the value of continuing to improve the FTA. We are committed to continuing to build our business in China and the FTA will remain the key platform for that growth."

Fonterra has operated in China for more than 40 years, and has developed an integrated business strategy encompassing farms, ingredient products, foodservices and consumer brands including Anchor, Anlene and Anmum.

China is New Zealand's largest dairy export market with NZD $2.7 billion worth of trade in 2015. Fonterra has substantial investments on the ground in China, including a strategic partnership with Beingmate, a leading Chinese infant and child food manufacturer. It has completed two farming hubs and is working on a third in partnership with Abbott. Fonterra employs more than 1,500 people in China. Fonterra is also the leading premium imported dairy provider in the foodservices sector in China.

Featured

Federated Farmers: Rural Voices Must Shape Reform

Certainty and a clear understanding of the needs of rural communities is a critical outcome in the series of government reforms that are taking place at present.

Fonterra Cuts 2026/27 Milk Price Forecast to $9.25

Fonterra has reduced its forecast 2026/27 Farmgate Milk Price.

Czarnikow Launches Digital Milk Pricing Tool in NZ

New Zealand dairy farmers are set to be the first in the world to receive access to a new digital physical milk pricing tool that enables them to fix the price for their physical milk.

Pāmu Opens Farm Gates for Summer Open Farm Days

State farmer Pāmu is opening its farm gates this summer in an effort to give the rural sector the opportunity to see how large-scale, multi-system farming is delivering productivity and profitability across New Zealand.

Northland Study: Emissions Cuts "Unsustainable" for Dairy

A five-year study has found that the cost of reducing emissions without technology may be significant and unsustainable for Northland dairy farmers.

DairyNZ: Waikato Farmers Need Certainty on PC1 Rules

DairyNZ says Waikato farmers need certainty on Plan Change 1, but they say that certainty must be matched with practical, workable rules and a clear transition that doesn't get ahead of the new resource management system currently under review.