New Zealand Dairy Industry Will Continue to Dominate Globally Through Asian Growth, CIGI Paper Says - NEWS10 ABC: Albany, New York News, Weather, Sports

New Zealand Dairy Industry Will Continue to Dominate Globally Through Asian Growth, CIGI Paper Says

Posted:

This article was originally distributed via PRWeb. PRWeb, WorldNow and this Site make no warranties or representations in connection therewith.

SOURCE:

New Zealands global dairy dominance will continue through greater economic engagement with Asia-Pacific states, rather than with competing markets in Europe and America, according to a new paper issued by the Centre for International Governance Innovation (CIGI).

Waterloo, Canada (PRWEB) August 14, 2014

New Zealands global dairy dominance will continue through greater economic engagement with Asia-Pacific states, rather than with competing markets in Europe and America, according to a new paper issued by the Centre for International Governance Innovation (CIGI).

In CIGI Paper No. 37, The Role of International Trade in the Rise of the New Zealand Dairy Industry from its Beginnings to the Fonterra Era, Bruce Muirhead traces the rise of New Zealands innovative dairy industry, including the highly successful mega-cooperative Fonterra, and examines how it will overcome future challenges and competition.

He says that New Zealands most important export sector would not be greatly affected should the Trans Pacific Partnership negotiation collapse. The countrys dairy products trade has been diversified to include several Asian countries, including heavyweights China and India, and the country will participate in negotiations designed to lead the Regional Comprehensive Economic Partnership, which includes China. Such economic engagement means that New Zealand is not depending on trade with European and American markets. The much vaunted US policy shift, its so called pivot to Asia has already been accomplished by New Zealand in a relatively short time, he says.

He explains that if other countries have a viable industry of their ownthey are unwilling to consider competition with Fonterra because they cannot do so effectively without the use of government programs involving subsidies or tariff rate quotas, which block much of a national market through the use of very high tariffs once a certain threshold of imports has been reached.

All countries with pretensions to a dairy industry, including the European Union and the United States, have balked at undertaking serious trade liberalization negotiations in the sector with New Zealand, says Muirhead. The latter is perceived to be too efficient.

Muirhead concludes that it will be left to the likes of DairyAmerica and its increasingly focused export crusade to East Asia to put dents into [New Zealands and] Fonterras ambitions, presumably with the help of the US government.

For more information on The Role of International Trade in the Rise of the New Zealand Dairy Industry from its Beginnings to the Fonterra Era, including a free PDF download, visit: http://www.cigionline.org/publications/role-of-international-trade-rise-of-new-zealand-dairy-industry-its-beginnings-fonterra-.

ABOUT THE AUTHOR:
Bruce Muirhead is professor of history and associate vice president, external research, at the
University of Waterloo, and recipient of a CIGI Collaborative Research Award. He has written extensively on post World War II Canadian agricultural, political, diplomatic, financial, international and trade history, and has published four books and one edited book with university presses and numerous refereed chapters in books and journal articles on these topics. His ongoing work relates to dairy supply management in Canada and competing systems in Australia, the European Union, New Zealand and the United States. His current research focuses on the financialization of farmland in Canadas West.

MEDIA CONTACT:
Kevin Dias, Communications Specialist, CIGI
Tel: 519.885.2444, ext. 7238, Email: kdias(at)cigionline(dot)org

The Centre for International Governance Innovation (CIGI) is an independent, non-partisan think tank on international governance. Led by experienced practitioners and distinguished academics, CIGI supports research, forms networks, advances policy debate and generates ideas for multilateral governance improvements. Conducting an active agenda of research, events and publications, CIGIs interdisciplinary work includes collaboration with policy, business and academic communities around the world. CIGI was founded in 2001 by Jim Balsillie, then co-CEO of Research In Motion (BlackBerry), and collaborates with and gratefully acknowledges support from a number of strategic partners, in particular the Government of Canada and the Government of Ontario. For more information, please visit http://www.cigionline.org.

-30-

For the original version on PRWeb visit: http://www.prweb.com/releases/2014/08/prweb12096599.htm

Information contained on this page is provided by an independent third-party content provider. WorldNow and this Station make no warranties or representations in connection therewith. If you have any questions or comments about this page please contact pressreleases@worldnow.com.

Powered by WorldNow

341 Northern Blvd., Albany, NY 12204

Telephone: 518.436.4822
Fax: 518.426.4792
Email: news@news10.com

Can’t find something?
Powered by WorldNow
All content © Copyright 2000 - 2014 Young Broadcasting of Albany, Inc. A Media General Company.