Farmers play down Trump’s trade retreat
THE Tasmanian Farmers and Graziers Association is putting a brave face on Donald Trump’s announcement that the United States will not ratify the Trans-Pacific Partnership.
The US president-elect has vowed to quit the trade agreement on his first day in office.
Chief executive Peter Skillern said that TFGA was encouraged South American countries were likely to remain as signatories.
“America’s exit will have an impact but the bulk of the TPP will remain in place.”
Mr Skillern said what was more important for Tasmania was that markets were opening up in Australia's major trading partners in Asia, including China.
Last week TFGA commented that the TPP would have been a positive step for many sectors of Australian agriculture, particularly beef and dairy, but said the deal was never going to have an immediate effect.
Benefits would inevitably flow through to our state, but only in the longer term, the farmer body said.
It said Tasmania had established relationships with TPP countries like Japan, Malaysia and Vietnam.
In the 2015-2016 financial year Tasmania recorded exports to the US worth $207 million, including beef ($95m), cheese ($4m), hops ($7.68m) and aluminium ($18m).
Prime Minister Malcolm Turnbull said there was very strong support among the other countries involved in the TPP.