fbpx
Print this page
Wednesday, 24 February 2016 14:18

TPP does nothing about subsidies, says Peters

Written by 
Winston Peters. Winston Peters.

Only eight months ago, Federated Farmers and NZ's special agriculture trade envoy, Mike Petersen, said the TPPA was going to be gold standard or bust, NZ First leader Winston Peters says.

"So why is it in recent weeks we are seeing subsidised American milk powder being kicked in our faces? And what are the other so-called farming leaders doing about it?," he asked at the Agcarm conference in Auckland today.

In the 1980s and 1990s our farmers went cold turkey yet discovered there was Life after Subsidies, he said. Agricultural subsidies are the farming equivalent of crack cocaine.

"If there was ever a cause for us to galvanise the developing world behind us, it is subsidies. Yet our silence on this at the UN Security Council is deafening," he said.

"In Britain, their National Farmers' Union admitted that European subsidies are worth £175 to £200 per hectare, or about $31,000 to $36,000 every year for the average British farm.

"What does the TPPA do about the US$110bn worth of subsidies paid each year to American, Canadian, Mexican and Japanese farmers? Nothing. What will the more farcical European Union FTA do about €50bn in European subsidies? There's not a mutter, not a murmur, not a syllable, not a sound. Nothing."

This is why we are underwhelmed by Mr Key's claim, first that benefits would be $5b per annum by 2025, now drastically trimmed back by his officials to $2.7B by 2030.

Peters claimed if the TPP is ever "fully implemented" then total tariff and duty reductions will, with a fair wind someday amount to $608m.

While tariff reductions are good per se, they become 30 pieces of silver if the $260bn in competitor annual farm subsidies are made untouchable in the process, he said.

More like this

No thanks!

OPINION: A mate of this old mutt's almost choked on his dog tucker when he came across the musings of former NZ First MP and newly elected Otago Feds chair Mark Patterson.

A minister for Europe?

Jacinda Ardern should consider basing one of her senior cabinet ministers in Europe by early next year, says trade commentator Mike Petersen.

Drought impact to continue

There is not going to be any significant feed grown in Hawkes Bay until spring, according to former special agriculture trade envoy Mike Petersen.

National

OCD's record milk collection

The country's second largest dairy processor collected just short of 2 billion litres of milk from its suppliers.

Fieldays returns

After a hiatus of two years, National Fieldays opened to a grey foggy day in the Waikato, last Wednesday.

Machinery & Products

Classy new home for CLAAS

Visitors to last week's National Fieldays were able to check out the new home for CLAAS Harvest Centre, Waikato and…

Major deal for AgriQuip

New Plymouth-based AgriQuip has been appointed as the exclusive importer and distributor of the Major Equipment brand, with the aim…