New Zealand to Gain Increased Access to Canadian Dairy Market as Trade Dispute Resolved

Cows make their way to the milking shed at a dairy farm in Morrinsville, New Zealand, on April 18, 2012. Sandra Mu/Getty Images

Canada will make changes to how it manages its dairy tariff rate quotas, which will grant greater access to products from New Zealand, after the two countries resolved a dispute under a free trade agreement.

Under the deal announced this week, New Zealand Trade Minister Todd McClay said it will deliver up to $129 million annually in export value for dairy exporters from his country.