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19 Mar 2018 23:47
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  •   Home > News > Business

    Industries celebrate signing of the TPP

    The horticulture sector is celebrating over the signing of the Trans-Pacific Partnership which will remove tariffs for kiwifruit exports to Japan.

    Growers are rejoicing over the reduction of tariffs for kiwifruit exports to Japan following the signing of the Trans-Pacific Partnership.

    Horticulture NZ, Zespri and ExportNZ were quick to celebrate the signing of the 11-nationa agreement in Chile on Friday morning (NZT).

    Zespri says the kiwifruit industry is set to benefit significantly from the agreement, saving more than $26 million in tariffs for exports to Japan.

    "This tariff relief will mean savings for our growers and benefits for Japanese consumers by supporting our competitiveness against other fruit in [the] market," chief executive Dan Mathieson said.

    Horticulture NZ says the reduction of tariffs is one of the "big wins" for the industry, with the country gaining preferential access to Japan, the world's third-largest economy.

    The agreement also opens up free trade to Canada, Mexico, Peru - a combined population of 480 million - for the first time.

    "Horticulture is growing and the world wants access to our fruit and vegetables so the signing of this trade deal is timely," chief executive Mike Chapman said.

    ExportNZ says the real benefit to New Zealanders will be job growth, with the trade sector already providing three-quarters of a million jobs.

    Prime Minister Jacinda Ardern says New Zealand has secured export benefits for the agriculture and horticulture sectors - and with other countries now looking to join, there could be more gains to be made from the deal.

    "If we weren't there, we would miss out on the future benefits as well."

    However, not everyone is pleased with the signing of the agreement, about 80 protesting it outside parliament on Thursday. Opponents also stood in cement outside Labour MPs' offices, saying the deal binds the country to the deal.

    Auckland TPP Action Group dumped pillows, soft dog toys and homemade rats outside the prime minister's office in Mt Albert.


    © 2018 NZN, NZCity

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