In a significant development, China has eliminated tariffs on all New Zealand dairy products, allowing them to enter China duty-free. This move is a
In a significant development, China has eliminated tariffs on all New Zealand dairy products, allowing them to enter China duty-free. This move is a result of the New Zealand-China Free Trade Agreement, initially negotiated in 2008. Trade and Agriculture Minister Todd McClay expressed the positive impact, highlighting an estimated $350 million in additional revenue for New Zealand. Federated Farmers president Evan White emphasized the benefit to local communities, foreseeing increased spending that would contribute to town and country economies. The removal of tariffs is expected to have a positive effect on dairy payouts and boost farmer morale, reinforcing China’s position as a valuable trading partner for New Zealand.
