Many of our farmers and growers can now sell to more countries at reduced tariffs once the Comprehensive and Progressive Agreement for Trans-Pacific Partnership comes into effect.
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The deal gives farmers new and improved access to markets in ten counties around the Pacific Rim.
With 67 per cent of what we produce reliant upon export markets, this deal will see better prices flow directly to farmers by making their products more competitive.
One in four jobs in regional Australia are also generated by exports.
This will give our farmers more buyers to compete for their clean, green product. This has the potential to help agriculture/horticulture grow in our region.
Australia already exports $12.3 billion of agricultural products to Progressive Agreement for Trans-Pacific Partnership countries, and this deal will speed up growth in the Pacific region.
The CPTPP is the latest trade agreement the Coalition government has secured, along with bilateral deals with China, Japan, South Korea and Chile which will help our farming sector grow.
Many of our region’s farmers will benefit from a number of improved trading conditions and the reduction/elimination of tariffs.
Trade Ministers in participating countries are expected to sign the Comprehensive and Progressive Agreement for Tans-Pacific Partnership on March 8.
