Hogan: Local farmers, fishers benefit from Japan agreement
CATTLE farmers and fishers are among those enjoying the benefits of the trade agreement with Japan since it came into force 12 months ago, Page MP Kevin Hogan has said.
He said the Japan-Australia Economic Partnership Agreement, or JAEPA, is generating increasing confidence among our exporters with sales to Asia on the rise in a variety of commodities.
"Since the agreement with Japan came into force on 15 January 2015, it has provided local businesses - large and small - with exciting new export opportunities, particularly those involved in agriculture," Mr Hogan said.
"Asia's growing middle class is certainly developing a taste for Australia's clean, green produce with export sales of frozen shrimp and prawns to Japan have soared 90 per cent, with exports of fresh/chilled beef is up 24 per cent.
"This is great news for our local farmers and fishers, and has a flow on effect for the fishing towns, such as Yamba, and beef towns like Casino and its meatworks."
Mr Hogan said these figures illustrate the value of the historic trifecta of free trade agreements with Korea, Japan and China have the potential to create.
"These figures show that not only has tariff relief made our traditional exports stronger, it's created opportunities in emerging areas where previously we have not been competitive because of high tariff barriers," he said.
For more information on the Free Trade Agreements and the opportunities they've created for local businesses visit: www.openforbusiness.gov.au