Monday, August 19, 2013

Aussies Horn in on Fonterra's Turf

Seeing an opportunity to capitalize on the Fonterra baby milk scandal, Australian dairy farmers are pressuring the government to finalize a free trade agreement with China.   While China has banned imports of dairy products from New Zealand, exports from Australia remain unaffected.
'It is a real opportunity for us because … close to 50 per cent of the dairy products that go into China are from New Zealand, whereas we've only got about 5 per cent, so we have got 10 per cent of what they send in,'' he said.

Despite a China-friendly Prime Minister in Kevin Rudd, FTA negotiations with China have been going on for an epic 8 years, and, according to a statement from Trade Minister Richard Marles, talks are due to be accelerated.



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