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Thursday, 11 July 2013 13:22

Trade deal good for wine exporters

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Trade deal good for wine exporters

Wine growers have welcomed the economic cooperation agreement signed this week between New Zealand and Taiwan, giving New Zealand wine tariff-free access to the Taiwan market as soon as it comes into force next year.

 

The deal advantages New Zealand wine exporters, says general manager advocacy and trade for New Zealand Winegrowers, Dr John Barker.

"Taiwan is a small but developed market well suited to the premium wine styles New Zealand offers.

"Asia is an increasingly important destination for New Zealand wines. This agreement will make New Zealand the only wine exporter with tariff-free access to China, Hong Kong and Taiwan."

Trade Minister Tim Groser says the deal will benefit New Zealand exporters, "enhancing New Zealand's growth prospects through vastly improved links with a major Asian economy.

"It will immediately eliminate the tariffs for over 70% of current exports to Chinese Taipei, and will eventually allow 100% of New Zealand goods to enter tariff-free."

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