India FTA Removes 33% Tariff on NZ Sheepmeat
New Zealand’s red meat sector has welcomed the India-New Zealand Free Trade Agreement taking effect, which removes India’s 33% tariff on New Zealand sheepmeat.
Trade Minister Todd McClay is planning to meet his counterparts in the next few months to test the waters for a deal.
“We need those discussions, particularly because the biggest opportunity for NZ exporters is Japan, which is big for horticulture and beef. So we are keen to engage with the rest of the countries [in the TPP] to see if we can still harvest the benefits of the TPP.
“Rather than the whole thing falling over, it is still worth trying to progress a TPP without the US.”
