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New Zealand Resolves Dairy Dispute with Canada Under CPTPP, Securing $157m Export Value Annually

1 week ago | 292 views

Trade and Investment Minister Todd McClay announced a resolution to a dairy dispute between Canada and New Zealand under the CPTPP, projecting a $157m annual export value increase for New Zealand dairy exporters. New Zealand initiated dispute settlement proceedings due to limited dairy market access in Canada, leading to a favorable ruling and subsequent agreement for improved access through quota adjustments and penalties for misuse. McClay emphasized the importance of upholding CPTPP obligations, praised Canada for constructive engagement, and highlighted the agreement's reinforcement of the rules-based trading system.

Tags: Todd McClay Canada New Zealand dairy dispute CPTPP trade investment exporters agreement quotas