PM talks trade

Shepparton News - Country News - - LIVESTOCK NEWS -

Aus­tralian beef, honey and wine ex­porters had a lu­cra­tive 2017 in sales to Ja­pan.

On the eve of Prime Min­is­ter Mal­colm Turn­bull’s visit to Tokyo last week, the Ja­pan-Aus­tralia free trade deal clocked up its third an­niver­sary.

Fed­eral Trade Min­is­ter Steve Ciobo said fur­ther tar­iff cuts were due in April.

Mr Ciobo said 97 per cent of Aus­tralia’s ex­ports now en­tered Ja­pan duty-free or un­der pref­er­en­tial tar­iff rates.

Honey ex­ports grew 66.1 per cent in the first three quar­ters of last year, wine was up 52.6 per cent and frozen beef was up 32 per cent.

Trade and in­vest­ment were a key fo­cus of Mr Turn­bull’s one-day visit to Ja­pan last Thurs­day.

Mr Turn­bull and Ja­panese leader Shinzo Abe have been cham­pi­ons of the Trans- Pa­cific Part­ner­ship trade agree­ment which is still in limbo.

There were hopes the agree­ment could be re­vived at the Asia Pa­cific Eco­nomic Co-op­er­a­tion sum­mit in Viet­nam last year, with­out the United States.

How­ever, Canada threw a span­ner in the works at the last mo­ment when it also with­drew from the agree­ment.

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