What the TPP means for dairy

Posted on Tuesday, October 20, 2015 - Category: In the News

The 12 nations involved in negotiating the Trans Pacific Partnership (TPP) free trade agreement concluded negotiations in Atlanta on Tuesday 6 October 2015, delivering modest but important gains for the Australian dairy industry.


As the whole of value chain representative body, the Australian Dairy Industry Council (ADIC) acknowledged the conclusion of the agreement as a good result for Australian dairy farmers.

ADIC Chair, Noel Campbell said that the deal, in conjunction with the recently concluded China-Australia free trade agreement, would give farmers the confidence that if they are going to grow their businesses there are markets to match their growth.

“As an industry our future growth will be on the export market, as domestic growth has matured. The TPP provides improved access to markets such as Japan, where demand for our high quality, safe product is expected to increase in coming years,” Mr Campbell said.

“The industry is currently examining the agreement in its entirety to assess what the full extent of the benefits will be for Australian dairy. Early analysis indicates however that the TPP will enable more Australian cheese to be exported to Japan tariff-free. We’ve also got greater access for butter and skim milk powder than ever before.”

Mr Campbell said the industry appreciated the dedication of the Minister for Trade and Investment, the Hon. Andrew Robb MP and his team of negotiators, in continuing to seek trade agreements that benefit the Australian economy.

“On behalf of the Australian dairy industry I would like to extend my thanks to Minister Robb and the Australian negotiators for maintaining strong communication with industry throughout the TPP negotiations. They have done their utmost to balance the competing interest of industry and government across the 12 nations involved throughout a challenging process,” Mr Campbell said.

“The conclusion of the TPP continues a historic period of increased trade liberalisation over the past few years. The ADIC looks forward to reviewing the agreement in its entirety to fully quantify the benefits for dairy.”

 

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