Trade deal hailed
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.