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New Zealand Trade Minister Todd McClay and UAE Trade Minister Dr Thani bin Ahmed Al Zeyoudi. Photo Credit: Todd McClay/Twitter.
The dairy and red meat sectors have welcomed news that New Zealand will begin formal negotiations for a free trade agreement (FTA) with the United Arab Emirates (UAE).
The announcement by Trade Minister Todd McClay and his counterpart UAE Trade Minister Dr Thani bin Ahmed Al Zeyoudi in Dubai follows and earlier meeting in March where the pair set up a consultation programme to see if such a deal should proceed.
The UAE is an important market for NZ's red meat sector, generated $47 million of export earnings in 2023. High-value chilled beef is the most valuable export sub-category to the UAE, worth $31 million in 2023, making the UAE our fourth largest chilled beef market behind the US, China, and Japan.
Meat Industry Association (MIA) chief executive Sirma Karapeeva says a comprehensive FTA with UAE would open the door to reduce tariffs on other products that we export to the Middle East, including frozen beef and lamb, and wool.
Also happy with the news is Dairy Companies of NZ (DCANZ) executive director Kimberly Crewther. She says her sector looks forward to a high-quality FTA agreement that delivers certainty to our dairy exporters of duty-free access across all products.
OPINION: When he promised an Indian FTA in his first term, Prime Minister Christopher Luxon was really putting it all on red for the win. Against the odds (and with help from Todd McClay and others), he has thumbed his nose at the many doubters by closing just such a deal before Christmas – a move that will change the narrative around the PM and could help him win the election.
Additional tariffs introduced by the Chinese Government last month on beef imports should favour New Zealand farmers and exporters.
Primary sector leaders have welcomed the announcement of a Free Trade Agreement (FTA) between India and New Zealand.
The Coalition Government will need the support of at least one opposition party to ratify the free trade deal with India.
Primary sector leaders have welcomed the announcement of a Free Trade Agreement between India and New Zealand.
Additional tariffs introduced by the Chinese Government last month on beef imports should favour New Zealand farmers and exporters.
Primary sector leaders have praised the government and its officials for putting the Indian free trade deal together in just nine months.
Primary sector leaders have welcomed the announcement of a Free Trade Agreement (FTA) between India and New Zealand.
Dairy farmers are still in a good place despite volatile global milk prices.
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