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Beef + Lamb chairman James Parsons.
The Trans Pacific Partnership will eliminate over time most of the tariffs on New Zealand's red meat sector, says Beef + Lamb chairman James Parsons.
The Trans Pacific Partnership deal is critical for New Zealand sheep and beef farmers and meat exporters, keeping us competitive in key markets, says Parsons.
The New Zealand sheep and beef sector exports close to 90% of its production totaling $7.4 billion, on which we paid $323 million of tariffs in 2014. Nearly one-third of those total exports go to TPP member countries, with a significant proportion of those tariffs paid in Japan ($77 million) - where applied tariffs on our beef exports are 38.5%.
The TPP agreement will eliminate, over time, the vast majority of tariff costs on New Zealand red meat exports to TPP member countries. Based on 2014 exports, this would be a reduction in tariffs paid of around NZ$72 million which ensures that New Zealand red meat products will remain competitive in TPP markets.
"The TPP deal also includes ways to address complex non-tariff barriers, which will prove useful in terms of opening markets and ensuring that they stay open", says MIA chairman Bill Falconer.
The TPP is expected to enter into force within two years, once all member countries have completed their legislatives processes.
B+LNZ and MIA work together to improve access for sheep and beef products to overseas markets, including by providing in-depth analysis to support the government's trade negotiation efforts.
A Māori-owned agribusiness helping to turn a long-standing animal welfare and waste issue into a high-value protein stream for the dairy and red meat sectors wants more industry support.
Despite Silver Fern Farms (SFF) posting a $21 million loss last season, chief executive Dan Boulton believes that better days are coming.
Horticultural prices are set to remain elevated this year, reflecting the balance between demand in key export markets and an increase in supply.
Ahead of the World Butchers' Challenge, the captains of 14 nations’ teams squared off in Paris over the weekend.
A hub farm in each of Beef + Lamb NZ’s seven regions and more focus groups are being rolled out for the red meat sector this year.
While opening the first electrode boiler at its Edendale site, Fonterra has announced a $70 million investment in two further new electrode boilers.
Fonterra says its ongoing legal battle with Australian processor Bega Cheese won’t change its divestment plans.
With an amendment to the Medicines Act proposing human medicines could be approved in 30 days if the product has approval from two recognised overseas jurisdictions, there’s a call for a similar approach where possible to be applied to some animal medicines.
The Government wants to make sure that rural communities get a level of service that people who live in cities often complacently expect.
As the New Zealand Government launches negotiations on a Free Trade Agreement with India, one Canterbury-based vegetable seed breeder is already benefiting from exporting to the world's fifth-largest economy.
Onenui Station on Mahia Peninsula in northern Hawke's Bay is a world first in more ways than one.
