What do Japan’s Bullet Train and Port Macquarie have in common?
The Coalition Government’s recent trade deals with China, Japan, and Korea are paying dividends in regional communities, and there are many more export opportunities available for proactive regional businesses.
Free Trade Agreement seminars held in the Cowper electorate earlier this month highlighted the potential for northern NSW businesses to expand trade with our Asian neighbours. Some local businesses are already taking advantage of these new opportunities, in the process creating more jobs and a stronger local economy.
Dairy cooperative Norco is benefitting from reduced tariffs on dairy products exported to China and Japan, with fresh milk now being shipped regularly into Shanghai.
Member for Cowper Luke Hartsuyker visited China late last year to see the process in action, with a new high-tech import protocol allowing milk to go from North Coast farms to Shanghai consumers within a few days. Importantly, more export opportunities for Norco means more opportunities for local dairy farmers and the company’s 800 staff.
And it’s not just big businesses taking advantage of these new agreements, with a growing range of regionally-based small companies exporting Aussie products and know-how to overseas markets.
The Government isn’t resting on its laurels either, with negotiations ongoing for other trade agreements, and a continued push to finalise the Trans Pacific Partnership, which covers around 40 per cent of the world’s trade. These trade negotiations are complex and time-consuming, but the outcomes for our regional economies are well worth the effort.
And the answer to the link between the Bullet Train and Port Macquarie? Hastings Valley local John Cassegrain and his company Cassegrain Wines, which is exporting premium Australian wine to Japan for the enjoyment of passengers travelling on the Bullet Train!