|
The Economic Contribution of the NZFSA
Kel Sanderson
Client: New Zealand Food Safety Authority Date: July 2005 Authors: Kel Sanderson; Mathew Arcus
The NZFSA is a body established by Government with the two key roles of protecting and promoting the public’s health and safety with food, and facilitating market access for New Zealand’s food and food-related products. It is substantially funded by cost-recovery from industry. Of the $81.5 million annual expenditure by NZFSA, 32% comes from Government and 68% comes from industry by cost recovery. This study describes a framework for analysis, and gained a sense of the order-of-magnitude of economic benefits achieved (or economic costs saved) by the NZFSA. Some estimates include the potential for $10 million to $30 million in benefits due to improved domestic health and food safety, and $150 million in specific benefits through market access for New Zealand’s food trade. There are also the large benefits of maintaining New Zealand’s strong reputation for safe, quality food, which could be worth up to $1.4 billion. Through avoiding market-losing food events, the NZFSA creates benefits which could be very substantial. The framework established in this study could be revisited in the future to assess how the benefits of the NZFSA have evolved over time. BERL#4390
Text Size :
|
berl.co.nzBusiness and Economic Research Ltd 2007 Disclaimer: |
 |