Tag: Fonterra Co-operative Group Ltd

Fonterra Chairman Acknowledges Conclusion of TPP Agreement

Press Release – Fonterra Co-operative Group Ltd Fonterra Co-operative Group Limited Chairman John Wilson said the conclusion of the Trans Pacific Partnership (TPP) agreement in Atlanta, USA, today was a small but significant step forward for the dairy sector. TPP has been an enormous undertaking, …6 October 2015 Fonterra Chairman Acknowledges Conclusion of TPP Agreement in Atlanta Fonterra Co-operative Group Limited Chairman John Wilson said the conclusion of the Trans Pacific Partnership (TPP) agreement in Atlanta, USA, today was a small but significant step forward for the dairy sector. “TPP has been an enormous undertaking,” said Mr Wilson, returning from Atlanta. “While the dairy outcome is far from perfect, we appreciate the significant effort made by Minister Groser and his negotiators to get some gains in market access for our farmers. “Dairy has been very hard to resolve and New Zealand has managed to get some progress against the odds. Our team has done well to lift the deal from where it stood at the Ministerial meeting in Maui. While I am very disappointed that the deal falls far short of TPP’s original ambition to eliminate all tariffs, there will be some useful gains for New Zealand dairy exporters in key TPP markets such as the US, Canada and Japan. Greater benefits will be seen in future years as tariffs on some product lines are eliminated.” Mr Wilson said...

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TPP Has the Potential to Revitalise Japanese Agriculture

Press Release – Fonterra Co-operative Group Ltd Research released by the New Zealand Asia Institute today has found that Japan joining the Trans Pacific Partnership (TPP) could potentially trigger a revitalisation of its agriculture sector. 22 May 2013 TPP Has the Potential to Revitalise Japan’s Agriculture Sector Research released by the New Zealand Asia Institute today has found that Japan joining the Trans Pacific Partnership (TPP) could potentially trigger a revitalisation of its agriculture sector. The independent research, funded by Fonterra, was conducted by Professors Hugh Whittaker and Rob Scollay from The University of Auckland. They investigated the potential implications of the TPP on the Japanese agricultural sector, which is a proposed free trade agreement under negotiation between 12 countries including New Zealand and also Japan, who only joined earlier this year. Professor Scollay said: “The Japanese agricultural sector faces a number of challenges.  Many small-scale farms are uneconomic while the average age of Japanese farmers and the area of abandoned farmland are both increasing alarmingly.”  Meanwhile falling per capita consumption of Japanese farm products combined with large projected future falls in Japan’s population underline the need to transform Japan’s agriculture into a more competitive sector with export potential. “Our research found that participation in TPP could actually be the trigger needed to revitalise and transform Japan’s agriculture into a more vibrant and productive sector with long-term growth potential.”...

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