Improved international market access beneficial for Central Otago exporters

Columns
Wednesday, April 27, 2016

Waitaki MP Jacqui Dean said improved access to international markets would have huge spin-offs for Central Otago exporters.

“This year the Government has made significant progress on several trade deals which will unlock a wide range of opportunities for local exporters.

“Trade is vital to create a stronger economy and it creates jobs in places like Central Otago while enhancing economic growth.

“The Trans Pacific Partnership (TPP) includes 12 Asia-Pacific countries, covering 36 percent of the global economy and 800 million customers.

“This is New Zealand’s largest Free Trade Agreement and is estimated to be worth at least $2.7 billion a year to New Zealand’s GDP by 2030.

“TPP will save NZ businesses $272 million per year in tariffs when fully implemented. 

“Free Trade Agreements (FTAs) enable New Zealand exporters to sell more products and services to the world, creating more jobs and higher incomes in regions like Otago.

For instance $34 million will be saved annually in tariffs on fruit and vegetables, $16m annually in tariffs on wine, and duty free access into seven new countries.

“While an Economic Cooperation Agreement with Chinese Taipei, which came into force in December 2013, saw exports of NZ apples increase by 200 percent.

“Cherry exports are up 150 percent, kiwifruit up 24 percent and wine exports up 56 percent.” 

 

Authorised by Jacqui Dean MP, 127 Thames Street, Oamaru