The National Milk Producers’ Federation hailed the talks it held with the UK in December 2023 as ‘strengthening’ of its ties with Britain, but UK industry representatives have downplayed the chance of its proposal becoming policy.
An independent panel rejected US concerns over how Canada allocates its dairy tariff-rate quotas under the US-Mexico-Canada-Agreement, leaving US exporters and trade bodies frustrated.
Exporters have shifted their interest to dairy protein products in recent years while WMP exports have declined – but dairy remains a crucial contributor to the Kiwi economy and acts as a ‘shock absorber’ for farmers in volatile times.
The local dairy industry in Vietnam is expected to face strong competition and pressure as a result of the newly implemented Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), experts have predicted.