1
00:00:00,080 --> 00:00:02,000
Speaker 1: Time for the second good news story of the day.

2
00:00:02,240 --> 00:00:06,000
Speaker 1: The US is our second largest export market. It overtook Australia.

3
00:00:06,160 --> 00:00:09,280
Speaker 1: China is now number one. Katherine Beard joins me now.

4
00:00:09,320 --> 00:00:12,559
Speaker 1: She is the advocacy director for Export New Zealand. How

5
00:00:12,600 --> 00:00:13,119
Speaker 1: are Catherine?

6
00:00:14,120 --> 00:00:14,760
Speaker 2: Good morning?

7
00:00:15,320 --> 00:00:18,560
Speaker 1: So what drove it up? What spiked it over Australia?

8
00:00:18,640 --> 00:00:20,120
Speaker 1: What's working? What are we selling?

9
00:00:21,360 --> 00:00:25,000
Speaker 2: Look? A lot of it's been driven actually by beef exports,

10
00:00:25,160 --> 00:00:29,200
Speaker 2: and that beef has been used in hamburger patties and

11
00:00:29,320 --> 00:00:33,839
Speaker 2: what seems to be really well received as the grass

12
00:00:33,880 --> 00:00:36,440
Speaker 2: fed New Zealand beef. And I think they mix it

13
00:00:36,479 --> 00:00:40,080
Speaker 2: with grain feed USA beef, so they get the fat

14
00:00:40,120 --> 00:00:43,599
Speaker 2: from the US beef and the nice lean beef from

15
00:00:43,640 --> 00:00:44,199
Speaker 2: New Zealand.

16
00:00:44,920 --> 00:00:48,000
Speaker 1: That is very good. I love a good New Zealand beef. Now,

17
00:00:48,920 --> 00:00:52,040
Speaker 1: is this rise in US exports balancing out the lack

18
00:00:52,040 --> 00:00:55,080
Speaker 1: of demand in China as their economy stagmtes a little bit?

19
00:00:56,760 --> 00:01:01,120
Speaker 2: Look at it's definitely helping China's you know, hugely important

20
00:01:01,160 --> 00:01:05,400
Speaker 2: to New Zealand. But what is remarkable about the US

21
00:01:05,440 --> 00:01:08,200
Speaker 2: skiing into the number two spot for our exports is

22
00:01:08,640 --> 00:01:11,200
Speaker 2: we don't actually have a free trade agreement with the

23
00:01:11,319 --> 00:01:14,479
Speaker 2: United States. So it just goes to show that it's

24
00:01:14,520 --> 00:01:19,640
Speaker 2: actually a very open market and while there are some tariffs,

25
00:01:20,040 --> 00:01:22,240
Speaker 2: you know, they're not high enough to be you know,

26
00:01:22,280 --> 00:01:25,319
Speaker 2: preventing that trade happening. I think the key WE dollar

27
00:01:25,360 --> 00:01:28,679
Speaker 2: is probably helping as well, and that it's quite low

28
00:01:28,800 --> 00:01:32,200
Speaker 2: versus the US dollars, so that's going to make our

29
00:01:32,240 --> 00:01:34,679
Speaker 2: beef you know, quite affordable.

30
00:01:35,280 --> 00:01:37,840
Speaker 1: But if we're hoping for a free traded agreement, if

31
00:01:37,840 --> 00:01:41,000
Speaker 1: we're hoping for a better market to go to, the

32
00:01:41,120 --> 00:01:44,000
Speaker 1: chances of that happening are very low under the current

33
00:01:44,040 --> 00:01:46,959
Speaker 1: administration in the United States of America. So what challenges

34
00:01:46,959 --> 00:01:48,720
Speaker 1: will that provide?

35
00:01:49,000 --> 00:01:52,800
Speaker 2: Yeah, that's right. So the big challenge in worry that

36
00:01:52,880 --> 00:01:55,400
Speaker 2: I think a lot of countries have and everybody's watching

37
00:01:55,400 --> 00:01:58,080
Speaker 2: it closely, is what the United States will do with

38
00:01:58,160 --> 00:02:03,360
Speaker 2: regard to tariff So we're definitely keeping an eye on that.

39
00:02:03,840 --> 00:02:09,400
Speaker 2: If the United States puts on blanket tariffs for all imports,

40
00:02:09,480 --> 00:02:12,359
Speaker 2: then that wouldn't be so bad for US because we'd

41
00:02:12,360 --> 00:02:16,720
Speaker 2: still be competitive. I mean, it means everybody's being taxed

42
00:02:16,760 --> 00:02:19,799
Speaker 2: at the same rate essentially, so yet that cost would

43
00:02:19,840 --> 00:02:22,399
Speaker 2: then fall on the USA consumer. But we would still

44
00:02:22,440 --> 00:02:25,560
Speaker 2: be competitive, so we just have to watch and wait

45
00:02:25,600 --> 00:02:29,000
Speaker 2: and see. Our trade balance with the United States is

46
00:02:29,080 --> 00:02:34,560
Speaker 2: quite even, so you know, we important export about the same.

47
00:02:34,840 --> 00:02:37,200
Speaker 2: You know, it's not hugely different in terms of value.

48
00:02:37,240 --> 00:02:40,920
Speaker 2: So I can't really see New Zealand being picked out.

49
00:02:41,080 --> 00:02:43,919
Speaker 2: So let's just let's just keep our fingers crossed.

50
00:02:43,960 --> 00:02:45,960
Speaker 1: Execurators, when you have an excess and when you have

51
00:02:46,000 --> 00:02:49,240
Speaker 1: an imbalance, that's when you get picked upon. And Katherinbird,

52
00:02:49,480 --> 00:02:51,560
Speaker 1: congratulations and I thank you for your time today, the

53
00:02:51,560 --> 00:02:54,239
Speaker 1: advocacy director for Export New Zealand.

54
00:02:54,919 --> 00:02:57,880
Speaker 2: For more from Early Edition with Ryan Bridge, listen live

55
00:02:58,040 --> 00:03:01,040
Speaker 2: to news Talks it'd be from five a weekdays, or

56
00:03:01,120 --> 00:03:03,000
Speaker 2: follow the podcast on iHeartRadio.