Todd McClay: Trade Minister on the trade dispute with Canada and the $120 million loss
The Mike Hosking Breakfast · Newstalk ZB
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Show Notes
The Trade Minister is taking the legal fight to Canada over a trade dispute.
The Government says Canada's refusing to comply with a ruling over dairy trade, where it breached CPTPP rules by blocking exporters' access to its market.
A panel ruled it had until May 1st to change how it administered its tariff rate quotas and to stop prioritising domestic access.
Todd McClay told Mike Hosking that we've been left $120 million out of pocket.
He said that's about three and a half percent of their dairy market and suspects domestic politics are behind it, but they need to honour their international commitments.
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