Will India ink a free trade agreement with NZ?
Beef+Lamb New Zealand (B+LNZ) has welcomed the New Zealand Government's announcement that comprehensive free trade agreement (FTA) negotiations have formally commenced with India.
Agriculture is high on his agenda as new Trade Minister Todd McClay attends the 10th WTO Ministerial Conference in Nairobi, Kenya.
The three-day meeting, which started yesterday, is McClay's first duty as Trade Minister, a portfolio change which took effect on Monday.
"Key issues for trade and development will be in the spotlight at Nairobi, including in the important area of agriculture," McClay says.
"WTO Members will be trying to agree a package of measures from the Doha Round agenda, which has been stalled since 2008.
"While no negotiation with more than 160 participants could be described as easy, we hope that all players come to the table prepared to play their best hand.
"As well as negotiations on new market access and improved multilateral trade rules, the WTO works to ensure that hard-won market access is preserved and existing WTO rules are complied with.
"While New Zealand has been successful in securing a network of high quality free trade agreements, we believe that FTAs should complement and contribute to the WTO system.
"When it comes to trade issues, global solutions are the most effective ones."
McClay is having a range of bilateral meetings in Nairobi.
The WTO Ministerial Conferences take place every two years.
New Zealand’s dairy sector cannot expect India to be a market for all its dairy products.
Meat processor ANZCO Foods’ net profit has plunged on the back of lower market returns which squeezed margins and impacted business performance.
OPINION: Most people will be aware of the Government's plans to boost coal, oil and gas production to meet energy requirements.
AgriZeroNZ has entered a new partnership with Britain's national innovation agency, Innovate UK.
Twenty rural community hubs across New Zealand will receive $5,000 to upgrade their facilities having been selected as the winners of Rabobank's Community Hub Competition.
As the dairy industry prepares to celebrate its top achievers at an awards night this Saturday, attendees are being warned to be aware of protests planned outside the venue – Baypark Arena, Mount Mauganaui.