Trade deal hailed

Shepparton News - Country News - - INTERNATIONAL DAIRY WEEK 2018 -

The Aus­tralian Dairy In­dus­try Coun­cil has wel­comed the fi­nal­i­sa­tion of ne­go­ti­a­tions un­der the Com­pre­hen­sive and Pro­gres­sive Agree­ment for Trans-Pa­cific Part­ner­ship.

Un­der the agree­ment, the coun­cil un­der­stands that mar­ket ac­cess out­comes for agri­cul­ture that were pre­vi­ously agreed un­der the orig­i­nal TPP have been pre­served (with the ex­cep­tion of those ne­go­ti­ated with the United States).

Im­por­tantly for the Aus­tralian dairy in­dus­try, in­di­ca­tions are that the CPTPP agree­ment will de­liver an im­prove­ment in Aus­tralian dairy mar­ket ac­cess ar­range­ments into Japan, Australia’s largest cheese ex­port mar­ket.

Australia al­ready has a trade agree­ment in place with Japan, called JAEPA (the Japan Australia Eco­nomic Part­ner­ship Agree­ment). How­ever, the mar­ket ac­cess pro­vided un­der CPTPP de­liv­ers im­prove­ments for dairy in some ar­eas that were no­table ex­clu­sions un­der JAEPA.

The coun­cil be­lieves there will also be some im­prove­ments in mar­ket ac­cess into other mar­kets in­clud­ing Mex­ico, Peru and Canada.

Aus­tralian dairy would main­tain its com­pet­i­tive po­si­tion into the CPTPP mar­kets, and would con­tinue to be a key sup­plier into CPTPP mem­ber coun­tries as well as an im­por­tant player in dairy sup­ply chains across the re­gion, the coun­cil said.

The coun­cil con­grat­u­lated Trade Min­is­ter Steve Ciobo and the Aus­tralian ne­go­tia­tors in achiev­ing this re­sult, in what was a long and com­plex ne­go­ti­a­tion.

The CPTPP is a regional trade agree­ment be­tween Australia, Brunei, Chile, Malaysia, New Zealand, Peru, Sin­ga­pore, Japan, Viet­nam, Mex­ico and Canada.

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