Damien O’Connor: NZ united on global trade
When it comes to international trade, politicians from all sides of the aisle are united, says Labour's trade spokesman Damien O'Connor.
The New Zealand onion industry has welcomed the recent signing of the free trade agreement (FTA) with the European Union (EU).
It says the agreement will see the elimination of tariffs worth over $6 million annually on NZ onion exports to the EU and has also addressed technical barriers to trade.
"The EU is the number one market for New Zealand onion exports. Tariff savings of 9.6% puts the New Zealand onion industry on a level footing with competitors such as Chile and South Africa," Onions New Zealand chief executive, James Kuperus says.
He thanked the officials in New Zealand and the EU for supporting export industries like onions, which play a key role in regional economies across New Zealand.
Kuperus says onion growers from South Auckland to Canterbury will benefit from this FTA.
"It is now important that the New Zealand Government, post-election, passes the necessary legislation to bring this FTA into effect so producers and exporters can make use of it next season."
Kuperus says the agreement is even more important given the extremely difficult season onion producers have had in the North Island.
In the year to March 2023, the New Zealand onion industry exported $143 million worth of onions to 45 countries and employed 1,050 people.
Farmer confidence has taken a slight dip according to the final Rabobank rural confidence survey for the year.
Former Agriculture Minister and Otaki farmer Nathan Guy has been appointed New Zealand’s Special Agricultural Trade Envoy (SATE).
Alliance Group has commissioned a new heat pump system at its Mataura processing plant in Southland.
Fonterra has slashed another 50c off its milk price forecast as global milk flows shows no sign of easing.
Meat processors are hopeful that the additional 15% tariff on lamb exports to the US will also come off.
Fears of a serious early drought in Hawke’s Bay have been allayed – for the moment at least.