To be attributed to Simon Tucker, Fonterra Group Director Global External Affairs.
Fonterra acknowledges the considerable efforts of the Minister of Trade and Investment, Todd McClay, and his negotiating team, who advocated strongly on behalf of the dairy sector and worked quickly to conclude a free trade agreement with India.
It is disappointing that the negotiations with India were unable to secure any significant new core dairy access opportunities for New Zealand into the Indian dairy market.
This outcome is, however, not a surprise given India’s long-standing sensitivities in relation to its dairy market.
Fonterra welcomes the positive outcomes for other sectors under this FTA, which are expected to deliver benefits back into the wider New Zealand economy, and we will continue to work with the New Zealand Government on how best to utilise the provisions relevant to dairy in the FTA.
Source: Fonterra Co-operative Group – Read the official statement on the NZ-India trade outcome here
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