Today Local businesses heard how to access the benefits of Australia’s Free Trade Agreements (FTAs) with China, South Korea, Japan and most recently Peru, at the information seminar in Rockhampton today.
Hard working Federal Member for Capricornia Michelle Landry hosted the free event, at the Empire Apartment Hotel, Rockhampton.
Since the China-Australia Free Trade Agreement (ChAFTA), the Japan-Australia Economic Partnership Agreement and the Korea-Australia Free Trade Agreement entered into force, significant and ongoing tariff reductions have provided advantages for many Australian products and services exported to these markets.
“A whole range of industries in the region could benefit from these recently signed Free Trade Agreements” Ms Landry said.
“Australian products now receive preferential access to more than a billion potential customers in China, Japan and Korea thanks to provisions negotiated by the Australian Government,”
Attendees received practical exporting advice from representatives of Austrade, the Department of Foreign Affairs and Trade (DFAT) and AustIndustry.
Ms Landry said the region’s strengths in agriculture, manufacturing and services left it well positioned to supply the markets of North Asia.
“These FTAs have delivered real gains for our exporters,” she said.
“Tariffs on Australian beef entering China and Korea, for example, have fallen significantly and Australia is currently the only major beef producer with preferential access to Japan.
“There are plenty of advantages for other industries too and I want to give local businesses, especially small and medium-sized firms all the information they need to pursue them.”
In addition, the Federal Government has recently signed off on a new Free Trade Agreement with Peru, expanding export opportunities for the Australian sugar, dairy, grains, kangaroo, red meat, wine and horticulture sectors.
“This free trade deal will eliminate tariffs and create new agricultural export opportunities to the benefit of Australia’s meat sector—including beef, sheepmeat and kangaroo—and the sugar, dairy, rice, sorghum, horticulture and wine sectors,” Ms Landry said.
“Bringing an extra buyer into the market helps strengthen the hand of farmers to secure higher prices, with flow on benefits not only to rural and regional Australia, but all Australians.
Austrade and DFAT are running a series of North Asia FTA seminars across all Australian states and territories.