Ben­e­fits come from Trans-Pa­cific Part­ner­ship

CHB Mail - - Farm Focus - BY KATIE MILNE pres­i­dent Fed­er­ated Farm­ers of New Zealand.

It’s been a long and some­times bumpy road to achiev­ing a Pa­cific Rim trade deal but New Zealand pro­duc­ers and our econ­omy will soon reap the ben­e­fits, Fed­er­ated Farm­ers pres­i­dent Katie Milne says.

“We’re on the home straight. The re­quired six na­tions have now rat­i­fied the 11-na­tion Com­pre­hen­sive and Pro­gres­sive Agree­ment for Trans-Pa­cific Part­ner­ship and the count­down has started to­wards the first round of tar­iff cuts early next year.

“Fed­er­ated Farm­ers has said from the out­set that a Pa­cific Rim agree­ment would be a ma­jor boost to our abil­ity to trade and New Zealand’s fu­ture pros­per­ity, as well as a use­ful an­ti­dote to the eco­nomic pro­tec­tion­ism brew­ing in some other parts of the world,” Katie says.

It’s par­tic­u­larly good news for our beef farm­ers and hor­ti­cul­tur­al­ists but the po­ten­tial to de­velop new tech­nolo­gies and eco­nomic part­ner­ships while re­duc­ing busi­ness costs will be ben­e­fi­cial to Ki­wis work­ing across all in­dus­tries.

The CPTPP is New Zealand’s first free trade deal with Ja­pan — the third largest econ­omy in the world — and im­me­di­ately re­moves the tar­iff ad­van­tage that Aus­tralia’s beef pro­duc­ers have ben­e­fited from at New Zealand red meat farm­ers’ cost.

“There are also fan­tas­tic op­por­tu­ni­ties for us in mas­sive mar­kets such as Canada and Mex­ico,” Katie says.

“Fed­er­ated Farm­ers con­grat­u­lates the New Zealand ne­go­tia­tors who have doggedly pur­sued this deal, and the cur­rent govern­ment for recognising that the CPTPP is, over­all, a sig­nif­i­cant win for New Zealand.”

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