July 13, 2010
 
New Zealand beef exports to South Korea may ease
 
 

A New Zealand beef and sheep industry representative hopes that South Korean farmers will be less resistant to beef imports from New Zealand as a result of recent talks.


Beef + Lamb New Zealand (B+LNZ) chair Mike Petersen was in Korea as part of discussions to get free trade negotiations restarted.


South Korea is New Zealand's second biggest export beef market. Meat exports sent there last year were worth more than NZD150 million (US$106.6).


But South Korea imposes tariffs of 40% on New Zealand beef and duties of more than 70% on processed meat.


New Zealand wants to negotiate the phasing-out of those tariffs in a free trade deal.


South Korean farmers are worried about competition from beef imports and have fiercely opposed free trade agreements (FTA) with this country, as well as with the US and Australia.


However, Petersen said that meetings with farming representatives may have eased some of their concerns about New Zealand beef. He said the talks were very constructive, and frank at times.


It was explained that New Zealand beef is completely grass-fed and not grain fed, and is completely different from American beef.

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