News:
China will lower tariffs on most im****ted New Zealand agriculture
and manufactured products to zero (over time),
With Chinese tariffs running at about 10 per cent for milk
powder (yoghurts and cheese top 15 per cent); 12-20 per cent
on sheep meat and 15-20 per cent for kiwifruit, the upside
is considerable. But there will a lengthy phase-in period for dairy
as China fears its own fledgling dairy farming industry would be
squashed.
Textiles and apparel manufacturers: Will have to up their game
when New Zealand speeds up remaining tariff reduction in these
areas, opening the way to stiffer competition from Chinese im****ts.
/news.
New Zealand agriculture and manufactured products ****pped
to China will allow for many new China businesses to open to
distribute and sell those products.
New Zealand business will not be able to compete with lower
priced China products in the future. New Zealand consumers
will do as consumers in North America and buy lower priced
China products, causing layoffs in New Zealand industries.
This increased business and profit in China will lead to more
demand for autos/trucks and gasoline/oil.
Up goes the demand and oil prices in New Zealand.
