NZ seeks trade access in Indonesia

15.07.2016

New Zealand’s Prime Minister John Key heads to Indonesia later this month to boost trade, particularly for beef and other products. In 2010 Indonesia was New Zealand’s second largest beef market, taking 48,823 tonnes worth USD 185 million, but in a bid for self-sufficiency access dropped to 8899 tonnes in 2015 - a decline of 82%. The Ministry of Foreign Affairs and Trade estimates the accumulated (yoy) trade impact of limiting beef exports from New Zealand is between USD 500 million to 1 billion.

Tim Ritchie, New Zealand’s Meat Industry Association Chief Executive said the restrictions and the fluctuations, uncertainty and unpredictability of the import licensing system had made Indonesia a challenging market for beef exports.

 


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