Tai­wan-NZ pact cre­ates op­por­tu­ni­ties

The China Post - - LOCAL -

An eco­nomic co­op­er­a­tion agree­ment be­tween Tai­wan and New Zealand has cre­ated more busi­ness op­por­tu­ni­ties and in­creased prof­its for Tai­wanese im­porters, both of­fi­cials and ven­dors said Wed­nes­day at a food fes­ti­val pro­mot­ing New Zealand prod­ucts.

Dur­ing the two-day busi­nessto-busi­ness fair, where the New Zealand Trade Devel­op­ment Cen­tre ( NZTDC) hopes to build up a stronger net­work be­tween sell­ers and buy­ers in Tai­wan, at­tend­ing ven­dors said they have ben­e­fited from the pact.

David Hsiao, rep­re­sent­ing wine im­porter Grand Re­serve, said a 10 per­cent waiver on the wine im­port tax un­der the Agree­ment be­tween New Zealand and the sep­a­rate Cus­toms Ter­ri­tory of Tai­wan, Penghu, Kin­men, and Matsu on Eco­nomic Co­op­er­a­tion (ANZTEC), has helped his busi­nesses.

Eighty per­cent of the wine Hsiao han­dles is from New Zealand, and thanks to a stronger part­ner­ship with the NZTDC af­ter the agree­ment, Hsiao said the two sides have also been hold­ing seminars to en­hance wine ed­u­ca­tion in Tai­wan.

New Zealand’s wine is re­fresh­ing, vi­brant and el­e­gant, he said, ex­press­ing hopes that greater knowl­edge of wine among con­sumers can help in­tro­duce the unique taste pro­files of New Zealand wine.

Ac­cord­ing to NZTDC Direc­tor Dean Preb­ble, wine ex­ports to Tai­wan have en­joyed 50 per­cent growth over the past 12 months.

In the fu­ture, Preb­ble said, his of­fice will work more closely with pro­cessed food im­porters for greater mar­kets be­cause the sec­tor of­ten faces more stages of safety checks, hence re­sult­ing in higher costs.

That will be good news to Lin Mey- jiao, pres­i­dent of Miaolin Food Co., who is pro­mot­ing av­o­cado oil at the fair.

New Zealand has a great va­ri­ety of or­ganic food prod­ucts, she said. “I think the mar­ket is full of po­ten­tial.”

The ANZTEC, which took force Dec. 1, 2013, is the first agree­ment of its type to in­clude sub­stan­tive chap­ters on trade and la­bor, trade and en­vi­ron­ment, and in­dige­nous peo­ple.

It in­cludes a com­mit­ment to im­me­di­ately lib­er­al­ize 132 ecofriendly prod­ucts deemed to sup­port green growth and sus­tain­able devel­op­ment ob­jec­tives, ac­cord­ing to the Min­istry of Eco­nomic Af­fairs.

Since its im­ple­men­ta­tion, ex­ports from New Zealand to Tai­wan have in­creased 24.57 per­cent as of last Septem­ber, while Tai­wanese ex­ports to New Zealand rose 14.97 per­cent, the For­eign Min­istry said ear­lier this year.

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