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Trade and Export Growth Minister Damien O'Connor.
NZ's free trade deal with the United Kingdom is a step closer, with the legislation enacting the deal having its first reading in Parliament in late July.
Trade and Export Growth Minister Damien O'Connor says steady progress is being made toward ratifying the UK FTA.
"The elimination of tariffs, almost all when the agreement comes into force makes the UK FTA a gold-standard agreement," he claims. "It's one of the best deals we've ever negotiated and will boost our economy by up to $1 billion and provide us further economic security."
Negotiations were launched on the UK FTA in June 2020 and reached agreement-in-principle in October last year. Once both New Zealand and the United Kingdom have completed their ratification processes, the FTA can enter into force.
O'Connor says the Government aims to complete New Zealand's ratification processes by the end of this year.
Did you know that nearly 90% of total New Zealand wine sales occur offshore? That simple number means our wine businesses are the most export oriented of all the global wine industries. It also makes our sector especially sensitive to any changes in the trade rules that govern the access of our wines into international markets.
New Zealand farmers are welcoming news of a free trade agreement with the United Arab Emirates, a key country in the Gulf region.
Trade Minister Todd McClay says the Chinese market remains soft and consumers are more cautious in their buying patterns, but he says there are still many opportunities for New Zealand.
Federated Farmers have reiterated their support for the coalition Government to abolish the present ban on the live export of animals.
Meat Industry Association chief executive Sirma Karapeeva says the outlook for beef in the US is expected to hold up for several years as that country continues to liquidate its herd due to drought.
The Ashburton-based Carrfields Group continues to show commitment to future growth and in the agricultural sector with its latest investment, the recently acquired 'Spring Farm' adjacent to State Highway 1, Winslow, just south of Ashburton.
New Zealand First leader and Foreign Affairs Minister Winston Peters has blasted Fonterra farmers shareholders for approving the sale of iconic brands to a French company.
A major feature of the Ashburton A&P Show, to be held on October 31 and November 1, will be the annual trans-Tasman Sheep Dog Trial test match, with the best heading dogs from both sides of the Tasman going head-to-head in two teams of four.
Fewer bobby calves are heading to the works this season, as more dairy farmers recognise the value of rearing calves for beef.
The key to a dairy system that generates high profit with a low emissions intensity is using low footprint feed, says Fonterra program manager on-farm excellence, Louise Cook.
Rural retailer Farmlands has reported a return to profitability, something the co-operative says shows clear progress in the second year of its five-year strategy.
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