The Australian Dairy Industry Council (ADIC) has welcomed news that the Government and Labor Party have reached an accommodation to allow ratification of the China-Australia Free Trade Agreement (ChAFTA) this year.
ADIC Chair, Noel Campbell praised Federal Parliament for recognising the importance of swiftly implementing the agreement to ensure Australia doesn’t fall further behind its competitors who already have an FTA with China.
“It is important the ChAFTA is implemented this year so our industry will be able to take advantage of two tariff cuts in rapid succession. Once the agreement enters into force it will enhance the competitive position of Australian dairy. This is good for growth, for jobs, for the economy and a boon for our export market,” Mr Campbell said.
“This deal is a once-in-a-generation opportunity to grow business and our communities. The Australian dairy industry is particularly well-placed to take advantage of the enormous opportunities that will flow from our historic trade deal with China.”
The dairy industry, led by the ADIC, has fought hard for the implementation of ChAFTA and is pleased to see bipartisan support and collaboration for ratifying this important trade agreement.
The ADIC thanked Minister for Trade and Investment, Andrew Robb, and his team of negotiators as well as the Australian government, industry and the broader dairy community for its ongoing support and for working to ensure that the China FTA is ratified in 2016.
Shona McPherson, Media Officer
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