AHDB: How might the EU-New Zealand trade deal impact beef trade?

Published 2024년 4월 29일

Tridge summary

New Zealand beef exports to the EU currently face a quota of 1,102 tonnes with a 20% tariff, and exporters can also compete for the MFN global quota of 116,703 tonnes with a tariff of 20%. The Free Trade Agreement (FTA) with the EU increases the quota for New Zealand beef to 3,333 tonnes in the first year and 10,000 tonnes after seven years, with a 7.5% tariff. However, these benefits are limited to beef raised under New Zealand's pastoral farming conditions. Over the past decade, New Zealand beef exports to the EU have seen a significant decrease, but they have consistently surpassed the current quota, indicating that exporters have also been accessing the MFN global quota. In contrast, the UK FTA, effective from May 31, 2023, offers tariff-free access to the UK market after ten years, with the quota volume increasing over time. A safeguard measure is in place to prevent market overflow, with full liberalisation anticipated after Year 15.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

The current quota for New Zealand beef exports to the EU is 1,102 tonnes with a 20% tariff. New Zealand exporters could also access the Most Favoured Nation (MFN) global quota and compete for a total of 116,703 tonnes annually with a tariff at 20%. Any additional export outside of the two quotas would be subject to an out of quota tariff of 12.8% + €141.1 – 304.1 per 100kg. As agreed in the FTA the TRQ for New Zealand beef entering the EU will rise to 3,333 tonnes in the first year of the agreement and rise to 10,000 tonnes after year 7. There will also be a 7.5% tariff applied to those imports. It is worth noting that these allowances are only available for animals that have been raised under New Zealand pastoral farming conditions which does not include commercial feedlots. New Zealand beef exports into the EU over the last ten years, showing that exports have almost halved between 2014 to 2023. Volumes have been consistently above the current quota showing that New Zealand beef ...

Source: EuroMeat