Negotiations between MPI and China’s customs authorities have been ongoing since November 2023.
This was when China informed MPI that alignment with traditional Chinese medicine regulations meant frozen velvet would no longer qualify for importation.
At the time, the Chinese market for New Zealand velvet was worth $88 million, or 71% of New Zealand’s velvet exports – and growing.
Griffiths said renegotiating international trade agreements was often complex, but both the New Zealand and Chinese sides worked constructively and promptly in search of a resolution.
“A massive thanks to so many for their work on this, starting with Trade Minister [Todd] McClay, MPI and GACC, as they have worked tirelessly for months to achieve this result,” he said.
He also thanked the Deer Industry New Zealand and Deer Velvet Access Group teams tasked with co-ordinating with MPI.
Deer Industry New Zealand said it will now look ahead to the long-term sustainability of trade with China, new opportunities for value-added deer velvet products, a wider range of sales channels, and an expanded customer base.