Trade with Japan benefits our agricultural industry
TWELVE months ago a Japanese trade agreement came into force which has been a benefit to cattle farmers and fishers, according to Federal member for Page, Kevin Hogan.
Sales on the rise
Mr Hogan 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 January 15, 2015, it has provided local businesses - large and small - with exciting new export opportunities, particularly those involved in agriculture," he said.
Taste for Australia
"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 (soaring) 90%, with exports of fresh/chilled beef up 24%.
"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 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