17.01.2012 Market Access News

Negotiations continue on Australia-Korea FTA

GIMAF recently accompanied Minister Ludwig to the Republic of Korea where Minister Ludwig held discussions with the Korean Ministers for Agriculture and Trade on the bilateral agricultural relationship, and the Australia-Korea FTA negotiations.

Minister Ludwig spent time underlining Australia’s position regarding agriculture in the FTA negotiations. Korea’s focus has been distracted by the debate over the ratification of the Korea-United States Free Trade Agreement (KORUS). This has slowed progress in the Australia-Korea negotiations but Australia is making every effort to bring the FTA with Korea to a successful conclusion as soon as possible.

Minister Ludwig expressed his hope that Australia and Korea can conclude the FTA in the near future on terms that provide Australian farmers with similar access to that achieved by the United States under the Korea-United States FTA. The Minister noted that a level playing field in the Korean market for agriculture would be in the long-term interests of both countries.