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Trade Agreements

In: Agricultural Economics and Food Policy in New Zealand

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  • David Hall

Abstract

This chapter reviews the impact of trade agreements on New Zealand. During the GATT Uruguay round, New Zealand advocated ‘farming without subsidies’ and expected the settlement to give certainty of access to traditional markets. Also, it was hoped the US and European Union would reduce subsidising farm exports. But New Zealand regretted many GATT countries were ‘getting round the new rules rather than honouring them’. New Zealand feared that the US pulling out of Trans-Pacific Partnership would weaken its trade with the US and Japan. China now filled the trade role previously played by the UK but without the mutual trust of the UK relationship. New Zealand’s ethos of liberalised trade was challenged by doubts over foreign investment in New Zealand farmland.

Suggested Citation

  • David Hall, 2021. "Trade Agreements," Palgrave Studies in Agricultural Economics and Food Policy, in: Agricultural Economics and Food Policy in New Zealand, chapter 0, pages 391-407, Palgrave Macmillan.
    • Handle: RePEc:pal:psachp:978-3-030-86300-5_25
    DOI: 10.1007/978-3-030-86300-5_25
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