Dairy central to China and New Zealand trade talks

An upgraded free trade agreement (FTA) could bring increased revenues for the world’s largest dairy exporter, New Zealand’s Fonterra Co-operative Group Ltd, its chairman said.

“The upgrade of the FTA provides an opportunity to strengthen the already strong dairy relationship between New Zealand and China,” John Wilson, Fonterra chairman, told Reuters news agency.

“We are committed to continuing to build our business in China and the FTA will remain the key platform for that growth.”

New Zealand prime minister, John Key, said that the upgrade would ensure the existing trade agreement would “take into account the FTAs that China has negotiated with other trading partners since 2008”.

The first round of negotiations would begin in the first half of 2017 and would be followed by an as yet unknown number of talks that would take place in both China and New Zealand.

Both nations said they were aiming to speed up the negotiation process.

Issues that would be covered include technical barriers to trade, such as customs rules, as well as e-commerce, competition policy and the environment.

China entered into a free trade agreement with New Zealand, the first Western country to do so, in 2008, which has helped the Asian giant grow to become New Zealand’s largest goods export partner.

The value of goods and services exported from New Zealand to China was $8.54bn (€8bn) in the year to June.
Source: IrishExaminer

Link: http://www.irishexaminer.com/business/dairy-central-to-china-and-new-zealand-trade-talks-431761.html

Tags: , , , ,
Any claim arising from the information contained on the eDairy News website shall be submitted to the competence of the ordinary courts of the First Judicial District of the Province of Cordoba (Primera Circunscripción Judicial de la Provincia de Cordoba), Republic of Argentina, in the city of Córdoba, excluding any other jurisdiction (Federal jurisdiction is also excluded).


Criteria in the moderation of comments that eDairy News will take into consideration in all its publications.

  • They will not be considered insults of any kind against anyone,, whether a user, moderator or publisher. Complaints made with the name and surname of the author of the commentary will only be accepted after confirmation by the moderator.
  • Unsubstantiated and gratuitous destructive criticism or expressions of bad taste, whether offensive, racist or xenophobic.
  • SPAM, (Insert links to web pages not related to the subject, provide emails, etc...)
  • Comments that are meaningless with the footnote or the dairy sector.

Related posts