The Australian Dairy Industry Council (ADIC) welcomes the signing of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership CPTPP.
The CPTPP agreement will deliver an improvement in Australian dairy market access arrangements into Japan, Australia’s largest cheese export market.
Australia already has a trade agreement in place with Japan – JAEPA (the Japan Australia Economic Partnership Agreement). However, the market access provided under CPTPP delivers improvements in some areas that were excluded under JAEPA.
There will also be some improvements in market access into other markets including Mexico, Peru and Canada.
Importantly Australian dairy will maintain its competitive position into the CPTPP markets and will continue to be a key supplier into CPTPP member countries as well as an important player in dairy supply chains across the region.
The Australian dairy industry congratulates The Hon. Minister for Trade, Tourism and Investment Steven Ciobo, the Australian negotiators and all the CPTPP partner countries for their contribution to this positive result. The CPTPP has been resurrected from the former TPP agreement which appeared to reach a dead end when the United States announced that it would withdraw from the agreement in early 2017.
The CPTPP is a regional trade agreement between Australia, Brunei, Chile, Malaysia, New Zealand, Peru, Singapore, Japan, Vietnam, Mexico and Canada.
The Australian Dairy Industry Council (ADIC) is the dairy industry’s peak policy body. It co‐ordinates industry’s policy and represents all sectors of the industry on national and international issues through its two constituent bodies, Australian Dairy Farmers Ltd (ADF) and the Australian Dairy Products Federation (ADPF). It aims to foster, promote and protect the interests of the Australian dairy industry by driving a whole of industry approach to dairy policy and the development of the dairy industry.
Source: 4-Traders