End of tariffs a big win
AUSTRALIAN farmers exporting overseas will be better off as tariffs were slashed or abolished under the Trans Pacific Partnership and the China-australia Free Trade Agreement (CHAFTA).
Key exports, including wine, most fruit and vegetables, seafood and some dairy will no longer be tariffed in China.
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.
Federal Minister for Agriculture David Littleproud said it was also a massive benefit for Australian farmers.
“We’re giving our farmers more options overseas so they can sell where they choose – not just to the supermarkets here in Australia,” Minister Littleproud said.