End of tar­iffs a big win

Gatton Star - - INTO RURAL LIFE -

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.

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