Tariff Cuts for New Zealand Exporters02 December 2013
NEW ZEALAND - Major cuts in tariffs for many New Zealand exporters have been introduced through a new Economic Cooperation Agreement between New Zealand and the Separate Customs Territory of Taiwan, Penghu, Kinmen, and Matsu (Chinese Taipei).
Tariffs are removed from milk powder, cheese, butter, apple, cherry and wine exports to Chinese Taipei.
“This will mean tariff savings of nearly $40m on current trade. It’s great news for our exporters,” said Primary Industries Minister Nathan Guy.
“Tariffs on beef will be eliminated in two years, and tariffs on kiwifruit in three. In four years, sheep, honey and most fish product tariffs will be eliminated and 99 per cent of New Zealand trade to Chinese Taipei will be tariff-free.
“In total, tariffs will be eliminated on 100 per cent of New Zealand’s current exports in a staged programme over 12 years.”
Chinese Taipei is New Zealand’s sixth largest market for agricultural products and the country’s eleventh largest overall export market.
TheMeatSite News Desk