New Zealand and the Meat Industry

The article “TPP to Deliver Removal of Tariffs” is an article specific to New Zealand, the meat industry, and the effects TPP has on both. As stated in the article, “in 2014, New Zealand exports of beef, sheep meat, and co-products to TPP countries total $2.4 billion USD. This equated to over one third of New Zealand’s total exports worldwide”. Tariff costs for exports to the TPP countries totaled $94.3 million. It is estimated that through the TPP, an” estimated $72 million in tariff costs” will be saved once fully implemented and operational. Specific to New Zealand, there are three main highlights. The first is the “removal of all tariffs on sheep meat in TPP countries within eight years or less when the agreement enters the force”. The second main requisite is the “removal of all tariffs on beef in TPP countries, except Japan, within 11 years or less from when the agreement enters into force”. Last is the “reduction of Japanese tariffs on beef from 38.5% to 9% over 16 years”. These changes obtained through the TPP will “secure market access and the red meat sector’s competitiveness not only into North Asia but will further integrate New Zealand into the Asia-Pacific regional supply chains”. Are there any potential side effects? Are any other countries in the TPP hurt by the adoption of the TPP?

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