New Zealand eliminates $190 million in trade barriers to boost the economy

Todd McClay, Minister for Trade and Agriculture
Beehive.govt.nz
September 15, 2024
Category: Business & Politics
Region: International

Todd McClay

NEW ZEALAND — The Government has successfully removed trade barriers affecting nearly $190 million worth of exports to help grow the economy, Minister for Trade and Agriculture Todd McClay announced. “In the past year, we have resolved 14 Non Tariff Barriers (NTBs), returning significant value to kiwi exporters,” Mr McClay says. ….“Boosting the export value of farming, forestry, horticulture and wine production are vital to our economy, as we oppose distortionary agricultural subsidies through the WTO to enhance global food security. NTBs resolved include… Restored log exports to India following changes to NZ’s fumigation practices. “New Zealand exported $96.3 billion worth of goods and services in 2023. Over the next 12 months we will continue our focus on reducing NTBs including around costly EU deforestation regulations, Canadian dairy import restrictions, $300m of cosmetics exports to China and restrictions on structural timber exports to Australia.”

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