1 00:00:00,040 --> 00:00:01,600 Speaker 1: So what do we make of the Scholtus calling the 2 00:00:01,639 --> 00:00:04,920 Speaker 1: presidential reaction? Ten percent turned into fifteen percent for everyone 3 00:00:05,000 --> 00:00:07,240 Speaker 1: within twenty four hours, our trade mins to top mcclays 4 00:00:07,240 --> 00:00:09,039 Speaker 1: with us. We can't be surprised, can we. I mean 5 00:00:09,080 --> 00:00:10,440 Speaker 1: trade was never an emergency. 6 00:00:11,560 --> 00:00:13,319 Speaker 2: Yeah and no, Well that's right. I mean there was 7 00:00:13,320 --> 00:00:15,320 Speaker 2: indications from the lower court this is where it was 8 00:00:15,360 --> 00:00:18,480 Speaker 2: going to go. Bit of speculation because the President had 9 00:00:18,480 --> 00:00:21,800 Speaker 2: been talking about his nominations on the Supreme Court. Overall, 10 00:00:22,480 --> 00:00:24,919 Speaker 2: this is good news and potentially good news for New 11 00:00:24,960 --> 00:00:27,960 Speaker 2: Zealand exporters, but we have seen him very quickly use 12 00:00:28,000 --> 00:00:30,639 Speaker 2: another legal mechanism to go ten percent and then a 13 00:00:30,760 --> 00:00:33,680 Speaker 2: social media announcement of fifteen percent. So for New Zealand 14 00:00:33,720 --> 00:00:37,800 Speaker 2: exporters probably not too much has changed other than once again, 15 00:00:38,040 --> 00:00:39,200 Speaker 2: even more uncertainty. 16 00:00:39,360 --> 00:00:41,280 Speaker 1: So we were already at fifteen right. 17 00:00:41,680 --> 00:00:45,120 Speaker 2: Yeah, fifteen percent. Except for some things, it becomes more 18 00:00:45,120 --> 00:00:48,000 Speaker 2: and more complicated. You remember a few months ago for 19 00:00:48,120 --> 00:00:50,120 Speaker 2: beef and key, we through a number of other products, 20 00:00:50,120 --> 00:00:54,320 Speaker 2: he dropped down to zero MFN because of shortages in 21 00:00:55,040 --> 00:00:59,400 Speaker 2: the US market. So we think that remains, but there's 22 00:00:59,440 --> 00:01:02,920 Speaker 2: not the tail yet. That fifteen percent was a true 23 00:01:02,960 --> 00:01:05,880 Speaker 2: social announcement, and I guess that the order will be 24 00:01:05,920 --> 00:01:07,320 Speaker 2: signed this week and they we'll have to get into 25 00:01:07,319 --> 00:01:11,119 Speaker 2: the detail. But in essence, as I said, except for 26 00:01:11,240 --> 00:01:14,280 Speaker 2: you know, even more uncertainty, probably not too much has 27 00:01:14,360 --> 00:01:16,959 Speaker 2: changed for New Zealand exporters at the stage. 28 00:01:16,600 --> 00:01:19,560 Speaker 1: As Jameson Greer a serious person, should we listen to him? 29 00:01:19,920 --> 00:01:21,880 Speaker 1: He struck me as serious, and I mean, how do 30 00:01:21,920 --> 00:01:23,399 Speaker 1: you deal with something like this if you've got a 31 00:01:23,400 --> 00:01:24,679 Speaker 1: president doing what he's doing. 32 00:01:25,480 --> 00:01:28,840 Speaker 2: Yeah, he is very serious. I've had a number of 33 00:01:28,880 --> 00:01:32,640 Speaker 2: meetings with him now and calls. He was involved in 34 00:01:32,760 --> 00:01:36,960 Speaker 2: the administration last time around as Deputy Trade Minister. I 35 00:01:37,000 --> 00:01:40,880 Speaker 2: suppose you would call it. He's playing quite a big role. 36 00:01:40,920 --> 00:01:44,000 Speaker 2: He's doing some of the big negotiations for the president. Look, 37 00:01:44,040 --> 00:01:46,319 Speaker 2: as with everybody, he's got a job to do and 38 00:01:46,360 --> 00:01:48,880 Speaker 2: he does it very very well. What we're doing at 39 00:01:48,880 --> 00:01:50,840 Speaker 2: the moment of getting again as much information as we 40 00:01:50,920 --> 00:01:54,160 Speaker 2: can so exporters can be informed. The other important bit 41 00:01:54,160 --> 00:01:56,480 Speaker 2: of this is you know a trade hasn't gone down 42 00:01:56,600 --> 00:01:59,960 Speaker 2: with the US. It has increased, and you know that's 43 00:02:00,120 --> 00:02:02,720 Speaker 2: just because the demand is still there. So we're going 44 00:02:02,800 --> 00:02:05,200 Speaker 2: to keep opening up trade. The ended deal, as an example, 45 00:02:05,320 --> 00:02:07,880 Speaker 2: is not instead of America, but it gives one more 46 00:02:07,880 --> 00:02:10,160 Speaker 2: option to New Zealand exporterers. If they think there's too 47 00:02:10,240 --> 00:02:12,280 Speaker 2: much risk in the US market or prices are not 48 00:02:12,280 --> 00:02:14,639 Speaker 2: good enough as with the EU or the UK, they 49 00:02:14,639 --> 00:02:16,799 Speaker 2: can look towards India. And that's why it's so important 50 00:02:16,800 --> 00:02:19,120 Speaker 2: to get that over the line. So that all right, 51 00:02:19,200 --> 00:02:20,320 Speaker 2: so that we've got options. 52 00:02:20,400 --> 00:02:22,120 Speaker 1: Sure, let me come back to Indo. You're in a moment. 53 00:02:22,160 --> 00:02:25,919 Speaker 1: Do we are we owed? Will we chase a refund? 54 00:02:26,800 --> 00:02:28,799 Speaker 2: Well, that's going to have to be worked through. I 55 00:02:28,800 --> 00:02:30,280 Speaker 2: think there's a you know, I think there's going to 56 00:02:30,280 --> 00:02:33,400 Speaker 2: be a lot of legal cases over there at the moment. 57 00:02:33,840 --> 00:02:36,200 Speaker 2: You know, we'll be getting some advice and talking to 58 00:02:36,760 --> 00:02:38,960 Speaker 2: New Zealand exporters around that because the ore the ones 59 00:02:38,960 --> 00:02:41,000 Speaker 2: would have to sort of take a case, I suppose, 60 00:02:41,320 --> 00:02:43,480 Speaker 2: I think, Mike. In the meantime, you know, we get 61 00:02:43,520 --> 00:02:46,639 Speaker 2: the information people keep exporting to that market. Now we're 62 00:02:46,639 --> 00:02:48,880 Speaker 2: going to have to see how it unfolds just a 63 00:02:48,880 --> 00:02:51,360 Speaker 2: little bit. And that's because you know, the nature of 64 00:02:51,520 --> 00:02:54,880 Speaker 2: their terriffreight and their policies is going to keep changing. 65 00:02:55,000 --> 00:02:57,040 Speaker 1: Speaking of India, have you met O'Connor a year any 66 00:02:57,040 --> 00:02:57,840 Speaker 1: close again. 67 00:02:58,240 --> 00:03:00,520 Speaker 2: Yes, I've met with I met with this. We had 68 00:03:00,560 --> 00:03:02,960 Speaker 2: a very very constructive meeting. We've got a couple of 69 00:03:03,000 --> 00:03:06,440 Speaker 2: small questions that we're going through official still and made 70 00:03:06,440 --> 00:03:09,440 Speaker 2: available to them. We have made some progress, although you 71 00:03:09,440 --> 00:03:11,400 Speaker 2: know they're going to sit down with their caucus eventually. 72 00:03:11,919 --> 00:03:13,840 Speaker 2: I've just made the case very clearly. This is a 73 00:03:13,919 --> 00:03:16,680 Speaker 2: very high quality agreement. It isn't the best interest of 74 00:03:16,680 --> 00:03:19,200 Speaker 2: New Zealand. It has similarity to ones that you know 75 00:03:19,280 --> 00:03:23,440 Speaker 2: the two main parties have always supported. It's okay for 76 00:03:23,520 --> 00:03:26,120 Speaker 2: them to want to know a bit more of the detail, 77 00:03:26,440 --> 00:03:29,440 Speaker 2: but we should put all of the politics aside and 78 00:03:29,560 --> 00:03:31,240 Speaker 2: just do what's best for New Zealand. And you know, 79 00:03:31,360 --> 00:03:34,000 Speaker 2: send a very clear signal to the business community the 80 00:03:34,000 --> 00:03:36,800 Speaker 2: two major parties in Parliament back trade and back then. 81 00:03:36,880 --> 00:03:39,400 Speaker 1: Get it done. Appreciate it very much. I'm Tom McClay, 82 00:03:39,440 --> 00:03:41,360 Speaker 1: who was the Trade Minister with us this morning. 83 00:03:41,840 --> 00:03:44,760 Speaker 2: For more from the Mic Asking Breakfast, listen live to 84 00:03:44,880 --> 00:03:47,960 Speaker 2: News Talks. It'd be from six am weekdays, or follow 85 00:03:48,000 --> 00:03:49,560 Speaker 2: the podcast on iHeartRadio.