INDEPENDENT NEWS

WPMA welcomes China-NZ Free Trade Agreement Upgrade

Published: Tue 5 Nov 2019 09:35 AM
WPMA welcomes tariff reductions under the China-NZ Free Trade Agreement Upgrade
The Chair of the Wood Processors and Manufacturers Association of New Zealand (WPMA), Mr Brian Stanley, welcomes the announcement that tariff reductions have been won for NZ’s wood manufacturing sector under the China-NZ Free Trade Agreement Upgrade. “I would like to thank the Prime Minister, Trade Minister Parker and Forestry Minister Jones for pushing the case for NZ’s wood industry to the top of the agenda in the recent FTA negotiations”, said Mr Stanley.
“MFAT trade officials are to be congratulated on gaining tariff concessions for the NZ wood industry in the protected Chinese market. I know that this has been a very hard-won battle that will see $2 million of savings on 15 export product lines in a $36 million annual trade. Whilst these may not be huge figures in terms of the overall export of NZ wood products to the world the fact remains that NZ was able to make significant inroads on market access where initially there was no go”.
As tariffs tumble Mr Stanley urges the attention of government now turn to defeating other insidious trade barriers, particularly overseas manufacturing subsidies. These continue to proliferate around the world, give unfair advantage to our competitors and stifle investment in NZ industry. “I’m sure if we confront these with the same skill and mettle displayed in our fight against tariff barriers then this can only further benefit NZ’s wood manufacturing sector together with the jobs and communities it supports,” concludes Mr Stanley.
ends

Next in Business, Science, and Tech

Official Cash Rate unchanged at 1 percent
By: Reserve Bank
Avocados at lowest price in almost three years
By: Statistics New Zealand
Auckland port move: Cabinet ministers deliberate on decision
By: RNZ
Dead rats washed up on beaches sent for toxicology testing
By: RNZ
Reserve Bank predicts further economic slowdown
By: New Zealand National Party
Reserve Bank gets it right by keeping OCR steady
By: ACT New Zealand
XE Data Update - RBNZ Official Cash Rate decision
By: XE Money Transfer
Moving port will cost Government, consumers and environment
By: National Road Carriers
Caution urged over rat carcasses on beach
By: Department of Conservation
View as: DESKTOP | MOBILEWe're in BETA! Send Feedback © Scoop Media