New Zealand's red meat sector welcomes TPP deal
Sam McIvor, Chief Executive of B+LNZ, says the CPTPP will deliver significant gains to the sector.
"New Zealand’s regions are hugely reliant on revenue flowing as a result of exports. Trade is the lifeblood of our sector, which in turn creates jobs and supports communities around New Zealand," the Chief Executive of B+LNZ said.
According to Mr. McIvor, over 90% of New Zealand’s sheepmeat and 80% of New Zealand's beef production is exported. "These exports support around 60,000 jobs on farms and in processing companies, and a further 20,000 jobs in supplying sectors."
Mr. McIvor also said that the CPTPP agreement will open up simultaneously multiple markets in Japan, Mexico, Peru and Canada. This will place New Zealand among the major red meat exporters in the Asia Pacific region, such as Australia and the European Union.
Tim Ritchie, Chief Executive of MIA says since Australia’s 2015 trade agreement with Japan, their beef exports to Japan have increased by $NZ1 billion, while New Zealand’s have fallen by $NZ30 million.
“Demand in Japan for beef has been growing, but we have lost significant market share. The situation got tougher in August when Japan imposed a WTO safeguard on frozen beef, raising its tariff on New Zealand exports from 38.5 percent to 50 percent, while Australia only faces a tariff of 22 percent. Since the safeguard was applied, our frozen beef exports to Japan have fallen by 70 percent.”
The agreement captures all of the market access gains of the previous TPP agreement. However, it also addresses some of the concerns of the New Zealanders around TPP – the preservation of PHARMC, foreign ownership of land and housing, and freedom to regulate for our own environmental protection.
Meanwhile, the sector is also celebrating the release of a WTO Appellate Body report which upholds the initial findings of the New Zealand-led dispute against Indonesia on a range of agricultural non-tariff barriers.
Mr. Ritchie says these barriers have impacted on New Zealand beef exports to Indonesia and have contributed to a decline of over 80% since 2010 – costing the sector an estimated $1 billion in lost trade.
High capacity utilization at the slaughterhouses is a crucial part of turning the tide at Danish ...
The European meat market is facing a scenario of structural changes due to a combination of envir...
In 2024, U.S. pork and beef exports of $19.1 billion – an increase of $1 billion over 2023 ...
