GREATER access to Mexican consumers for Australian farmers is set to result from the signing this week of the Trans-Pacific Partnership (TPP-11) agriculture minister David Littleproud says.
The TPP-11 was signed this week in Chile with trade minister Steven Ciobo putting pen to paper on behalf of Australia.
Agriculture minister David Littleproud said the TPP would have an immediate benefit for exporters, especially those seeking more business in Mexico as well as Canada.
“This is the world’s largest ever regional trade agreement, creating huge opportunities for our beef, sheep, dairy, sugar, wool, wine and horticulture producers in current and new markets,” Minister Littleproud said.
“My Department is supporting industry’s efforts to improve sheep meat export arrangements to Mexico, to capitalise on Mexico’s elimination of tariffs on sheep meat within eight years of entry into force.”
Mr Littleproud said the TPP-11 would provide preferential access for more than $5.5bn of Australia’s dutiable agricultural exports.
The Minister also talked of closer trade ties with Japan.
“Into Japan Australia is seeking to regain access for blueberries and improve market access for other horticulture commodities, including mangoes,” he said.
“Work is ongoing to establish technical market access for Australian beef exports to Peru to take advantage of market access outcomes from both the TPP-11 and the Peru-Australia Free Trade Agreement.”
TPP highlights include:
- Reductions in Japan’s tariffs on beef (Australian exports worth $2.1 billion in 2016-17);
- Access for dairy products into Japan, Canada and Mexico, including the elimination of a range of cheese tariffs into Japan covering over $100m of trade;
- Sugar access into the Japanese, Canadian and Mexican markets;
- Tariff reductions and new access for Australian cereals and grains exporters into Japan, including new access for rice products into Japan for the first time in 20 years;
- Elimination of all tariffs on sheep meat, cotton and wool; and
- Elimination of tariffs on seafood, horticulture and wine.
“TPP-11 countries include Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore and Vietnam, creating a regional free trade area that links the Americas and Asia,” Mr Littleproud said.
“Last year Australia exported around $12bn worth of agricultural goods to the TPP-11 countries, so this is a real game changer with huge potential.”