Farmers feel the benefits
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.