National pushes for trade as Labour tries to tax and ban

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Another win for our exporters

New Zealand’s free trade agreement with South Korea is now in force.

New Trade Minister Todd McClay says the deal, which was finalised late last year, will bring significant commercial benefits to New Zealand exporters.

From today current duty-free access to the South Korean market is “bound in”, and existing tariffs will be eliminated on close to 50 percent of New Zealand exports.

“The wine industry benefits immediately from a full elimination of the 30 percent tariff on their exports to Korea. This is a significant win,” Mr McClay said.

“New Zealand’s cherry exports will also now benefit from duty-free access, right in the middle of their growing season. The previous tariff on cherry exports was 24 percent.”

Tariffs on New Zealand’s kiwifruit exports will be progressively removed, with duty-free access from 2020.

Kiwifruit previously faced a 45 percent duty and during the past year New Zealand kiwifruit growers paid more than $20 million in duties, Mr McClay said.

I think it’s just great that they’ll toast their awesome success with Samsung and Hyundai with a New Zealand wine, and fresh fruit.   Even when the voters tire of this government, all these structural changes will be in place to benefit our economy.


– NZN via

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