Fonterra Welcomes NZ Government’s Trade Agenda 2030

24 March 2017

FONTERRA WELCOMES NZ GOVERNMENT’S TRADE AGENDA 2030

Fonterra Chairman John Wilson has welcomed today's release of Trade Agenda 2030.

"Trade is critically important to New Zealand's overall economic success. I'm pleased to see the government increasing resources and building capability to better help exporters to succeed. New Zealand has a great track record in trade liberalisation and the flexible approach that is suggested for achieving further gains makes good sense in a very challenging global context."

"It is well known that Fonterra exports 95% of what we produce to over 100 markets. Further improvements in the global trading system, including more Free Trade Agreements and domestic subsidy reform, will add real value to our business, to our farmers and to all New Zealanders,” John Wilson said.

“Dairy remains one of the most protected sectors in the world and there is much to be done to level the playing field. A recent NZIER report put the value of removing tariffs on dairy alone at about $1.3 billion per annum to the NZ economy, and the value of removing non-tariff barriers (in the APEC region alone) at about $3 billion per annum. Trade Agenda 2030 identifies both of these as priorities for the government's future efforts and we look forward to supporting it."

ENDS

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