HortNZ supports Trans Pacific Partnership Agreement
"We spoke in support of the TPPA, particularly given the tariffs to be eliminated that will level the field for our exports. HortNZ has written articles, engaged in discussion with growers, and met with industry leaders to develop our view on the TPPA."
"We represent 5,500 commercial fruit and vegetable growers - our industry is a $5 billion industry and the fourth largest export industry. We export just over half of what we grow, so trade agreements are crucial to the growth of this industry."
HortNZ supports the TPPA because of its tariff eliminations and reductions worth $34 million, improved market access to the TPPA signatories and levelling the competition with the TPPA signatories because the TPPA will remove trade and market access barriers.
"I recently read the US-based Peterson Institute for International Economics assessment of the benefit from TPPA for NZ and the other signatories. The Peterson Institute assesses that the TPPA will increase annual real incomes in New Zealand by $US6 billion, which is 2.2% of our gross domestic product (GDP). The TPPA will increase our annual exports by $US9 billion or 10.2% of our exports over baseline projections by 2030. This is because the TPPA will eliminate 75% of tariffs when it comes into force and 99% of tariffs when it is fully in force."
Visit www.hortnz.co.nz for more information.