Archive for 2013

10.12.2013 Market Access News Comments Off on Korea-Australia Free Trade Deal Great For Agriculture

Korea-Australia Free Trade Deal Great For Agriculture

Trade Minister Andrew Robb and his Korean counterpart, Yoon Sang-jick, Korea Minister of Trade, Industry and Energy.
The Free-Trade deal concluded last week between South Korea and Australia is great news for the Australian grains industry. Tariffs will be eliminated on the major traded grain (wheat) enabling Australian growers to compete on a level playing field with the US who has enjoyed zero tariffs since the entry into force of the KORUS FTA on 1 January 2012. Based on average exports from Australia in recent years this could provide an additional revenue of $10 million to Australian producers. Other grains and oilseeds will enjoy a reduction and elimination of tariffs as well opening up potential new trade opportunities.
Full details of the agreement have yet to be released pending ratification of the deal by the respective governments.

22.08.2013 Market Access News Comments Off on Market Access Initiatives produce big results

Market Access Initiatives produce big results

Concentrated efforts by GIMAF, Australian Oilseed Federation and DAFF to regain market access for Australian canola into the Chinese market has brought a windfall for Australian growers since late March this year.  The market price surged up to $50 per tonne on the news at the time and the trade has responded resoundingly with more than 500,000 tonnes contracted for shipment for total value of over $300 million.  This result has far exceeded the expectations of the organisations involved in the drive for market access and vindicates the efforts applied.  A program of research activities has been implemented with Chinese quarantine authorities to support the risk mitigation of the unwanted pathogen Blackleg in shipments to China.  The resounding trade outcome to China in 2013 and the ongoing cooperation on technical risk management will underpin a positive future for the Australian canola industry.