Canada, NZ Settle Dairy Quota Dispute Under CPTPP
Canada and New Zealand have formally resolved a high-stakes dairy trade dispute under the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP). The two countries clashed over Canada’s administration of dairy tariff-rate quotas (TRQs), which New Zealand claimed unfairly restricted access for its exporters and favored Canadian processors, violating free trade obligations. New Zealand initiated…
Dairy sector faces highest global trade barriers-NZ
New Zealand’s dairy industry, contributing roughly NZ$26 billion in exports (to April 2023), is increasingly burdened by tariffs and non-tariff barriers (NTBs) that remain high across global markets. A report commissioned by DairyNZ and the Dairy Companies Association (DCANZ) highlighted that 87% of global dairy markets enforce tariffs ≥10%, resulting in NZ exporters incurring NZ$1.5 billion in…