Farm­ers feel the ben­e­fits

Chinchilla News - - NEWS -

AUS­TRALIAN farm­ers ex­port­ing over­seas will be bet­ter off as tar­iffs are slashed or abol­ished un­der the Trans Pa­cific Part­ner­ship and the China-Aus­tralia Free Trade Agree­ment (ChAFTA), Min­is­ter for Agri­cul­ture David Lit­tleproud said.

“Tar­iffs on our farm pro­duce go­ing into China will be largely elim­i­nated on Jan­uary 1,” he said.

“Key ex­ports, in­clud­ing wine, most fruit and veg­eta­bles, seafood and some dairy will no longer cop a tar­iff in China, which means our pro­duce will be more af­ford­able for Chi­nese con­sumers,” he said.

ChAFTA has con­trib­uted to sig­nif­i­cant growth in ex­ports over the last 12 months; beef ex­ports in­creased 34.5 per cent to $1 bil­lion, wine ex­ports in­creased 65.1 per cent to $982.7 mil­lion, dairy ex­ports in­creased 38 per cent to $818.8 mil­lion, and navel or­ange ex­ports in­creased 57.5 per cent to $87.2 mil­lion.

The Com­pre­hen­sive and Pro­gres­sive Agree­ment for Trans Pa­cific Part­ner­ship (CPTPP) came into force on De­cem­ber 30, 2018.

“We’re giv­ing our farm­ers more op­tions over­seas so they can sell where they choose – not just to the su­per­mar­kets here in Aus­tralia,” Mr Lit­tleproud said.

Ex­porters re­ceived two tar­iff re­duc­tions within three days. The first on De­cem­ber 30 de­liv­ered re­duc­tions as­so­ci­ated with the en­try of the agree­ment.

This was fol­lowed by the an­nual tar­iff re­duc­tion rate on Jan­uary 1 in those coun­tries which rat­i­fied the CPTPP (Ja­pan’s sec­ond tar­iff cut will take ef­fect on April 1, 2019). 4672 9900 ed­i­[email protected]­chillanews.com.au face­book.com/chin­chillanews 12 Mayne St, Chin­chilla 4413 TRAGEDY: Emer­gency ser­vices at the scene of a fa­tal crash on the Gore Hwy in­volv­ing two trucks, Thurs­day, De­cem­ber 27, 2018.

PHOTO: 7 NEWS

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