Since we are on the topic of dairy and New Zealand was previously brought up
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The Government has this morning notified the Government of Canada that it will be triggering mandatory negotiations with Canada, forcing it to the table in a bid to resolve a dairy scrap that has dragged on for years.
The dispute involves Canada not meeting its requirements to New Zealand to open its market to our exports under the terms set by the CPTPP trade agreement. A panel of arbitrators ruled in favour of New Zealand last year, saying Canada’s blocking of dairy access meant it fell short of its CPTPP obligations.
It will be the first time any CPTPP country has used this type of negotiation to resolve a dispute. The dispute was initiated by the last Government, with bipartisan support.
Trade Minister Todd McClay said Canada has failed to comply with that ruling, forcing New Zealand to escalate to this next step. Negotiations must start within 15 days and should they fail, New Zealand could begin to apply tariffs to Canadian goods entering the country.
“There are a range of things we can consider. The best way forward is for Canada to either pay compensation to our exporters for their loss or to make changes that bring them within the rules, but we reserve the right to take action on behalf of our exporters,” McClay said.
McClay told the Herald New Zealand estimated it had lost “a couple of hundred million dollars worth of exports” over several years.
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https://www.nzherald.co.nz/nz/politi...PPELQJVEKVHPM/