homepaddock posted: "New Zealand dairy products now have duty-free access to China: All New Zealand dairy products are now able to enter China duty free, with the end of safeguard duties on milk powder starting, Trade and Agriculture Minister Todd McClay says. "In 2008, Chi" Homepaddock Free trade is fair trade homepaddock Jan 2 New Zealand dairy products now have duty-free access to China: All New Zealand dairy products are now able to enter China duty free, with the end of safeguard duties on milk powder starting, Trade and Agriculture Minister Todd McClay says. "In 2008, China agreed to remove all tariffs on dairy products in the New Zealand-China Free Trade Agreement (FTA). With the safeguard duties on milk powder now removed as of 1 January 2024, this marks the final liberalisation of dairy access under the FTA. "This is good news for our dairy sector. The removal of these remaining tariffs is expected to deliver additional annual tariff savings of approximately $350 million." . .  This is good news not just for the dairy sector but for the wider New Zealand economy and for Chinese consumers. Tariffs are a tax which cost exporters and consumers. Free trade is fair trade and we need much more of it. Comment Like You can also reply to this email to leave a comment. Manage your email settings or unsubscribe.

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