Politics

  • Written by David Littleproud MP

Australian dairy, grains, red meat, sugar, wine and horticulture growers will have their tariffs to Peru slashed following today’s historic signing of the Peru-Australia Free Trade Agreement (PAFTA).

 

Minister for Agriculture and Water Resources, David Littleproud, said PAFTA will eliminate 99.4 per cent of tariffs that exporters face into Peru, putting Australian farmers on equal footing with foreign competitors.

 

“This new trade deal is a huge win for Aussie farmers, creating expanded export opportunities for our sugar, dairy, grains, kangaroo meat, red meat, wine and horticulture sectors,” Minister Littleproud said.

 

“This is fantastic news, putting more cash in the pockets of for our hardworking farmers while building on our $435 million two-way trade with Peru.”

 

The key tariff outcomes for Australian agriculture through PAFTA will include;

  • Immediate elimination of all tariffs for seafood, sheep meat, kangaroo meat, most horticulture products and wheat (current tariffs are up to 9 per cent).
  • Elimination of all tariffs for beef within five years and immediate elimination of most tariffs for pork (current tariffs are up to 17 per cent).
  • Immediate elimination of tariffs for wine across lines of commercial interest to Australia, with the remainder being phased out over five years (current tariffs are up to 9 per cent).

PAFTA will provide a number of industries with duty-free access for large volumes of exports, including:

  • 30,000 tonnes of sugar, growing to 60,000 tonnes in year five and to 90,000 tonnes by year 18.
  • 7000 tonnes of dairy, growing to 10,000 tonnes (capped amount) in year five.
  • 9000 tonnes of rice, growing to 14,000 tonnes (capped amount) in year five.
  • 15,000 tonnes of sorghum, with the volume growing to 20,000 tonnes (capped amount) in year five.

“PAFTA will allow us to better compete in the Peruvian market and supports the potential for expanded trade into the broader Latin American region.

 

The signing of PAFTA follows the finalisation of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership, which will lock in greater trade access to markets worth almost $10 trillion combined, including Japan, Canada, Mexico, Malaysia, Singapore, Chile, Peru, Vietnam, New Zealand and Brunei.

 

For more on PAFTA, visit http://dfat.gov.au/trade/agreements/pafta/Pages/peru-australia-fta.aspx

Scott Morrison at Australia-Israel Chamber of Commerce

QUESTION: I suppose one question I'll ask is about the role of social media, YouTube, Facebook. And the sort of thought process that we’re having as a nation of how we can create that sort of societ...

Scott Morrison - avatar Scott Morrison

Delivering the rail links Western Sydney needs

The Morrison and Berejiklian Governments will ensure the Western Sydney International (Nancy Bird Walton) Airport has a metro rail line in time for its opening.   The Prime Minister said his Gover...

Scott Morrison - avatar Scott Morrison

Nancy-Bird Walton immortalised at Western Sydney Airport

Australia’s biggest aviation project will honour one of the nation’s trailblazing stars of the sky.   The $5.3 billion Western Sydney Airport will officially become Western Sydney International (N...

Scott Morrison - avatar Scott Morrison

City Deal to open Hobart up

Federal, state and local governments have come together on a landmark agreement to bust Hobart congestion and back the fast-growing tourism and science industries that are key to Hobart and Tasmania...

Scott Morrison - avatar Scott Morrison

Prime Minister interview with Alan Jones

Good morning Alan.   ALAN JONES: Thank you for your time. Could I just begin by saying that politicians rarely get praise. I have been speaking to farmers during the course of the weekend. You wen...

Alan Jones - avatar Alan Jones

Scott Morrison on Shorten's Border Protection backdown

Border Protection   PRIME MINISTER: Less than 24 hours ago, I warned Australia that Bill Shorten would make Australia weaker and the Labor Party would weaken our border protection. That they could...

Scott Morrison - avatar Scott Morrison

Business News

The Dollar Shave Club of contact lenses is now available to Aussie contact lens wearers

SYDNEY, AUSTRALIA — Finally, an Australian-made and owned contact lens business has launched direct to consumers, making the lives of thousands of Australians easier and more affordable with just a ...

Georgie Zonneveld - avatar Georgie Zonneveld

Psychologist’s 8 tactics to build resilience in the workplace

A clinical psychologist from Wesley Hospital has identified low resilience as a major factor impacting the mental and physical wellbeing of employees. He is calling for more awareness around the nee...

Sophie Harrison - avatar Sophie Harrison

Intense Growth As Car Next Door Launch Capital Raise

Releasing internal revenue figures for the first time, Car Next Door has achieved marketplace revenue of $10m last year and is on track to almost double that again in 2019 as it marks the start of a...

Car Next Door - avatar Car Next Door

Travel

The Gold Coast is famous for fun but it is also famous for horrible traffic issues

The Gold Coast is a great place for a holiday but there are problems that tourists need to be aware of. The Gold Coast airport is a busy place. Thousands of visitors arrive every day from around the ...

Holiday Centre - avatar Holiday Centre

Older generation Australians are embracing solo travel

Allianz predicts a rise in solo travel in 2019, revealing those most likely to ‘go -it-alone’ among the 50+ age group   The popular ‘solo travel’ trend is predicted to continue in 2019 with mor...

Media Release - avatar Media Release

Fun Things You Must Do In Perth

Perth: Sun, sand and 19 beaches might seem to sum up the city, but not quite. The sunniest capital city in Australia offers so much more for you to do. Regardless of what your idea of fun is, you wi...

News Company - avatar News Company