NZ wine goes duty-free into seven new markets

NZ wine goes duty-free into seven new markets

New Zealand’s 1.5 billion-dollar wine industry will gain duty-free access into seven new countries under the Trans-Pacific Partnership (TPP). Trade Minister Todd McClay, on a visit to Marlborough to discuss TPP, told exporters that the region’s 140 wineries would be significant winners under the agreement. “We already sell almost a billion dollars’ worth of wine into TPP countries. The United States is New Zealand’s biggest wine exporting destination and it, alone, is worth almost half a billion dollars each year.”

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