Lit­tleproud: Pa­cific trade deal a big win for Aussie farm­ers

Western Times - - NEWS -

AUS­TRALIAN beef, sheep, wool, wine and hor­ti­cul­ture grow­ers will ben­e­fit from a mix of lower tar­iffs and im­proved mar­ket ac­cess af­ter a deal was struck on the Com­pre­hen­sive and Pro­gres­sive Agree­ment for Trans-Pa­cific Part­ner­ship in Tokyo last week.

Min­is­ters in par­tic­i­pat­ing coun­tries are ex­pected to sign the agree­ment in Chile on March 8.

Min­is­ter for Agri­cul­ture and Wa­ter Re­sources, David Lit­tleproud, said the his­toric 11-na­tion deal would lock in greater trade ac­cess for Aus­tralian farm­ers to mar­kets worth al­most

$14 tril­lion com­bined.

“The pro­posed abo­li­tion of Ja­pan’s tar­iffs on our cheeses, wine, sheep meat, hor­ti­cul­ture, cot­ton, wool, and seafood is all great news for our farm­ers,” Mr Lit­tleproud said.

“Re­duc­tions in Ja­pan’s tar­iffs on our beef and new quo­tas for wheat, sugar and rice to Ja­pan, as well as sugar into Ja­pan, Canada and Mexico, are also great news.

“New trade ac­cess to Canada and Mexico is re­ally ex­cit­ing.

“Aussie farm­ers want more buy­ers com­pet­ing for their prod­uct, and we’re de­liv­er­ing that by open­ing new mar­kets and re­duc­ing tar­iffs and trade bar­ri­ers.

“This leads to bet­ter farm gate prices, which is what we all want.

“I con­grat­u­late Min­is­ter (Steven) Ciobo on his great work in this space.”

The part­ner­ship will be the world’s largest ever re­gional trade agree­ment and it in­cludes three of Aus­tralia’s top 10 agri­cul­tural trade mar­kets – Ja­pan, Viet­nam and New Zealand.

“The slash­ing of Ja­panese tar­iffs on beef and wine af­fects ex­ports worth more than $100 mil­lion, which were not cov­ered by our bi­lat­eral deal,” Mr Lit­tleproud said.

“Since Jan­uary 2016, Aus­tralian farm­ers have gained ac­cess to 64 key global mar­kets and im­proved mar­ket ac­cess in an­other 57 coun­tries.”

The CPTPP coun­tries are Aus­tralia, Brunei, Canada, Chile, Ja­pan, Malaysia, Mexico, New Zealand, Peru, Sin­ga­pore and Viet­nam.

PHOTO: FILE

TRADE DEAL: Min­is­ter for Agri­cul­ture and Wa­ter Re­sources, David Lit­tleproud.

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