Fonterra welcomes measures to liberalise Asia-Pacific dairy trade

By Ben Bouckley

- Last updated on GMT

©Gira a Asia/Gobierno de Chile
©Gira a Asia/Gobierno de Chile

Related tags: New zealand, Southeast asia

Fonterra has welcomed the recently released 'broad outlines' of the so-called Trans Pacific Partnership (TPP) to liberalise dairy trade within the Asia-Pacific region.

Group director for supplier and external relations, Kelvin Wickham, said a comprehensive agreement covering all sectors had considerable potential to liberalise dairy trade to meet existing and rapidly growing demand in the TPP member countries.

"The Asia-Pacific region is already a major market for Fonterra and is expected to be a major growth area for us in the future," ​he said.

"We applaud the efforts of the negotiators in making significant headway with the TPP discussions and look forward to their early completion,"​ he added.

The TPP comprises the leaders of Australia, Brunei Darussalam, Chile, Malaysia, New Zealand, Peru, Singapore, Vietnam and the US (pictured), who on November 12 announced the broad outlines of an agreement to enhance trade and investment; promote innovation, economic growth and development, and support the creation and retention of jobs.

Related topics: Markets, Fonterra

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