New Zealand has won a big trade dispute with Canada over dairy quota – the first case taken under the CPTPP and the first dispute New Zealand has ever taken against any partner in a free trade agreement. The binding decision will give dairy producers in New Zealand improved access to the Canadian market. The judgement found Canada has been breaching the CPTPP rules and will have to change its ways. Canadas system is estimated to have cost New Zealand exporters about $120 million in lost revenue in the past three years. Most of the other CPTPP countries supported New Zealand and Trade Minister Damien O’Connor says the ruling is a significant win for New Zealand and our exporters and still describes New Zealand’s strong friendship with Canada as one of the warmest and closest relationships in the world.
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