You are currently viewing New Zealand Launches Trade Dispute Against Canada

New Zealand Launches Trade Dispute Against Canada

New Zealand has filed a trade dispute against Canada’s implementation of dairy tariff rate quotas, that sets how much dairy products are able to cross the border tariff-free.

The proceedings are being filed under the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), the first of its kind.

Trade Minister Damien O’Connor said on May 12 that believes ’s quota to be inconsistent with its commitments outlined in the .

“Our priority is to ensure that New Zealand exporters have meaningful access to the benefits negotiated under CPTPP, and that all parties fulfil the commitments they have made to each other under the agreement,” O’Connor said.

New Zealand exporters are estimated to lose an estimated $68 million (US$43 million) under the Canadian quotas over the first two years before increasing year-on-year.

“New Zealand has an excellent relationship with Canada, who are one of our closest partners in the ,” O’Connor said.

..... (Read more by following the post link below)

This post was originally published on this site

Also See...