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), thanks to the Nationals in Government.
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-) entered into force on 30 December 2018.
Federal Nationals Agriculture Minister David Littleproud said it meant tariffs on farm produce going into China were largely eliminated and exporters to Canada, Japan, Mexico, New Zealand and Singapore also got tariff cuts.
“Australia exported more than $12.5 billion of agricultural produce to CPTPP countries last financial year, representing almost a quarter of Australia’s total ag exports,” Mr Littleproud said. “We’re giving our farmers more options overseas, so we will sell more dairy into Canada through a new quota, more rice into Japan and no longer face tariffs on sheepmeat or pork into Mexico.”
Since January 2016, the Nationals in Government have delivered 92 key market access gains or restorations and 87 key market access improvements or actions to maintain market access for Australian agriculture.