China Free Trade Agreement upgrade will assist processed timber exports

The Forest Owners Association says the just announced phased reduction of tariffs for wood and paper exports to China will assist in a long term realigning of New Zealand exports into more further processed timber products. Association Chief Executive David Rhodes says Trade Minister, David Parker, has done a great job of removing much of the remaining obstacles for the processed timber export trade into China. …“Our industry is hugely reliant on China.  Our processed timber exports there are worth $509 million a year, but that value could be a whole lot more, if it were not for those residual tariffs discouraging exporters.  While the tariff removal on current exports is relatively small, it’s the potential for growth without the tariffs which is significant.”

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