Fonterra aims for growth in South Korea

As New Zealand marks the one-year anniversary of its Free Trade Agreement (FTA) with South Korea, Fonterra Co-operative Group is gearing up to take advantage of huge potential for its dairy products there, particularly cheese. Since the FTA was signed in December 2015, New Zealand has experienced 16% growth in exports of food and beverage products to Korea. The country is New Zealand’s fifth largest cheese market, worth US$50 million (NZ$70m) a year – comparable to New Zealand’s cheese tr