The Weakening Relationship with the UK and Market Diversification

David Hall ()

Chapter Chapter 7 in Agricultural Economics and Food Policy in New Zealand, 2021, pp 89-107 from Palgrave Macmillan

Abstract: Abstract New Zealand realised its entrenched relationship with Britain would no longer provide sufficient overseas income, but market diversification was hindered by trade barriers, including barriers in New Zealand, itself, which imposed restrictions on imports. UK bulk purchase agreements ended in 1954, but those had made farmers lose touch with modern marketing requirements for other countries. Farmers recognised early the importance of establishing relations with US farming organisations if trading with the US was to be developed. New Zealand’s dependence on the USA for security discouraged trading links with China. But, eventually, a New Zealand trade mission to China identified that import of milk solids would be needed in China. China would eventually replace the UK as New Zealand’s main agricultural trading partner.

Keywords: Weakening relationship with the UK; Relations with US farming organisations; Links with China (search for similar items in EconPapers)
Date: 2021
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DOI: 10.1007/978-3-030-86300-5_7

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