The National Farmers’ Federation (NFF) has welcomed news overnight that a deal has been reached between Trans-Pacific Partnership nations, with the exception of the United States.
NFF Chief Executive Tony Mahar said this new agreement – now known as the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) – contains several important gains for Australia’s farm sector.
“While the exact details are still being examined, it’s envisaged that the CPTPP will see significant reduction and elimination of tariffs on a range of agricultural products, including red meat, cereals, dairy and wine.
“Ultimately, this will make Australian food and fibre products more competitive in the global market.
“The NFF has been a staunch advocate for the TPP since its inception, and today’s agreement is an important show of support for free trade by participating nations.
“The CPTPP is a regional free trade agreement of unprecedented scope and ambition. It has great potential to drive job-creating growth across the Australian economy.
“The CPTPP promises far greater access to some of the world’s largest and fastest growing markets – including three G20 nations. The agreement opens up new opportunities in these markets, over and above Australia’s existing bilateral trade arrangements,” Mr Mahar said.
Mr Mahar reinforced the economic importance of this kind of trade liberalisation.
“As an exporting nation, access to new markets for our agricultural commodit...
Read "Prime" Ag News full story!
Be a "Prime" Monthly Member