Trade Minister welcomes dramatic growth in exports

Trade Minister Tim Groser today released new statistics showing spectacular growth in New Zealand’s exports to Chinese Taipei since the Economic Cooperation Agreement between New Zealand and the Separate Customs Territory of Taiwan, Penghu, Kinmen, and Matsu (ANZTEC) entered into force in December 2013. “New Zealand exporters are reaping the benefits of preferential tariff access to Chinese Taipei,” says Groser. “Exports of New Zealand wine to Chinese Taipei have grown 56 percent to $1.3 million. The 10 percent tariff on non-sparkling wine and 20 percent tariff on sparkling wine were eliminated on entry-into-force.”