Which countries actually have a trade deal with the EU?
Very few and we are one of them.
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So lets look at the specifics of this.
NZ currently has a quota of 1102 metric tons of Beef into the EU market with a tariff of 20%.
This tariff will fall to 7.5% on day one of the deal coming into effect, with the quota also immediately expanding by 300% to 3333 tones, and then to 10,000 tones in 7 years.
So despite overcoming all the EU blocks & achieving a much improved deal for the meat sector than we currently have, plus the extremely powerful & protectionist agriculture sector in the EU claiming the EU has capitulated to NZ, do you think we should have just stuck with what we've got & not have signed the deal ?
EU investment into NZ is predicted to increase by 80%.
Best get the super fund to be more active there as we only care about flipping houses here (which the EU's trade negotiators would have noticed).
Photo opportunity garbage deal by Ardern which locks NZ out of the EU meat & dairy markets now for the long haul - where we have huge competitive advantages.
What a waste of space the spin artist Ardern is.
Won't be happening because of this.
I don't think China expects us to trade only with them.
Fortunately, Meat isn't the only thing we farm in NZ.
Meat was the big hold-up and always is with NZ trade deals. We were never going to get all we wanted there.
As O'Connor said - if both sides aren't entirely happy then we have probably met in the middle.
Not the only thing but it does help to pay a lot of bills.
Are there any suggestions what we could replace it with?
Carbon credits?
https://www.google.com/search?q=nz+a...client=gws-wiz
"The meat industry is New Zealand's largest manufacturing sector, providing jobs for 25,000 people at more than 60 locations nationwide. The New Zealand meat industry processes around 25 million sheep and five million cattle every year."
"Meat exports are worth a lot to New Zealand. Beef and lamb exports alone total more than $5 billion a year. MPI's role is to make sure meat exports meet New Zealand food safety standards and comply with the requirements of our overseas customers."
They are both sad really.
Hoskings says that it is a bad deal, worst deal ever - purely because it doesn't give us full, open access for meat.
You'd think that there was nothing else that this country does?
The Kiwifruit industry is pretty pleased. Same for apples.
As for China - I know we have had 'paperwork' issues in the past when they are displeased with us but I really doubt that they will do so over a FTA with the EU.
Quote:
Happy birthday to KiwiBuild – four years old today!
To date, KiwiBuild has delivered 1,366 homes, just 98,634 shy of its target.
With 98.6% of the job left to complete, at this rate KiwiBuild will deliver 100,000 new homes for Kiwis by 2315 – just 293 years away!
Where is the shy Minister of Home Building hiding ? ;)
Hibernating in the middle of a bale of Pink Batts somewhere hoping not to be found ? ;)