Industry groups welcome government's ratification of TPP

New Zealand Winegrowers warmly welcomes the government’s announcement of the ratification of the Trans-Pacific Partnership (TPP) agreement.

The future growth of our industry is bound up in having free and fair access into major export markets, said Philip Gregan, CEO of New Zealand Winegrowers.

“The news of the ratification of the TPP agreement signals the importance of improved market access into some of the wealthiest and fastest growing economies in the world.”

New Zealand wine exports reached a new record of $1.63 billion in March year end 2017. New Zealand wine is exported to more than 90 countries, and is New Zealand’s 5th largest export good by value. The industry is working towards a goal of $2 billion of exports in 2020.

And in a seperate statement, the seafood industry has welcomed Trade Minister Todd McClay’s announcement that Cabinet has decided to ratify the Trans-Pacific Partnership (TPP).

Seafood New Zealand chief executive, Tim Pankhurst said the industry relies on trade, as does wider New Zealand.

“We exported $1.8 billion of seafood last year and free and open access to markets is critical for the industry.

“The ratification of TPP by the New Zealand government sends a strong signal that we continue to support the agreement despite the withdrawal of the United States.

“There are still very valuable markets for New Zealand among the remaining TPP countries and ratification is a show of faith in a future agreement that will be of benefit to the seafood industry.

“We commend the Minister and Cabinet for continuing to support exporters with access to global markets,” said Pankhurst.

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