Aussie farmers reaping rewards of Japan trade deal​

Primary producers and exporters across Australia are already seeing boosts to their bottom line as a result of tariff cuts gained under the Japan-Australia Economic Partnership Agreement (JAEPA) which entered into force on 15 January 2015.

Minister for Agriculture, Barnaby Joyce, said exports of beef, table grapes, wine and mangoes were among the commodities that were reaping the rewards of reduced tariffs.

“Despite the fact JAEPA only entered into force in January this year, exports have exploded across the board, driving solid profits back to the farmgate,” Minister Joyce said.

“Fresh horticulture exports to Japan have also seen solid growth, increasing by almost 15 per cent for the first half of 2015 compared to the same period in 2014.

“This has been boosted by growth in table grape exports—grown from a zero base in 2014 to around $10.5 million in 2015 after the JAEPA tariff reduction and successful negotiation of an import protocol in 2014."

 
Source: Farmbusiness.cc

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