Tuesday, 01 February 2022 10:53

Sticky spot

Written by  The Hound

OPINION: This old mutt notes that NZ's mānuka honey sector recently lost a trademark case in the UK, which may end up costing the sector big money.

However, it looks like taxpayers could also be big losers as well.

It's been reported that MBIE - backed by the Government - has already lent the country's mānuka honey producers $1.7m, through the Kānoa Regional Economic Development & Investment Fund, to pay its legal bills.

However, that money is now unlikely to ever be paid back to the taxpayer, because the contractual terms forgave the debt if they lost their trademark bid (which they now have).

It seems Regional Economic Development Minister Stuart Nash now must decide how much more money he is willing to plough into court costs and lawyers' fees and to gamble more public money on obtaining an international legal precedent that, thus far, has failed wherever it has been attempted.

More like this

Cut with care

OPINION: The new government has clearly signalled big cuts across the public service.

Bubble burst!

OPINION: Your canine crusader is not surprised by the recent news that New Zealand plant-based ‘fake meat’ business is in the process of shutting down.

No Sat paper!

OPINION: This old mutt understands that NZ Post will soon no longer be delivering to rural addresses on Saturdays.

Good job!

OPINION: Your old mate notes that research on the make-up of the new parliament shows it is now far more farmer-friendly and populated with greater rurally aware MPs.

Crazy

OPINION: Your canine crusader was truly impressed by the almost unanimous support given by politicians of all stripes in Parliament to the recent passing of legislation for the NZ/EU free trade deal.

Featured

National

NZ-EU FTA enters into force

Trade Minister Todd McClay says Kiwi exporters will be $100 million better off today as the NZ-EU Free Trade Agreement…

Machinery & Products

Factory clocks up 60 years

There can't be many heavy metal fans who haven’t heard of Basildon, situated about 40km east of London and originally…

PM opens new Power Farming facility

Morrinsville based Power Farming Group has launched a flagship New Zealand facility in partnership with global construction manufacturer JCB Construction.

» Latest Print Issues Online

The Hound

Cut with care

OPINION: The new government has clearly signalled big cuts across the public service.

Bubble burst!

OPINION: Your canine crusader is not surprised by the recent news that New Zealand plant-based ‘fake meat’ business is in…

» Connect with Rural News

» eNewsletter

Subscribe to our weekly newsletter