Two merino brands, one fibre, two exits: a NZ$288m trade sale and a US$4bn listing that ended at US$39m.
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Ngāi Tahu, the wider Māori economy, the China free trade agreement, US tariffs and the merino brands: how New Zealand trades with the world.
Two merino brands, one fibre, two exits: a NZ$288m trade sale and a US$4bn listing that ended at US$39m.
Three legal regimes in sixteen months: 10%, 15%, 10% again and now 12.5%, with beef and kiwifruit exempt.
Signed in 2008, the deal made China the buyer of about a quarter of everything New Zealand exports.
Iwi corporations get the headlines, but most of the NZ$126bn Māori economy sits in ordinary businesses.
A NZ$170m settlement in 1998 is now a NZ$2.2bn balance sheet run for descendants not yet born.
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