A review of market opportunities for Queensland agribusiness arising from Free Trade Agreements with China, Japan and South Korea.
Australia recently signed Free Trade Agreements (FTAs) with China (June 2015), Japan (July 2014) and South Korea (April 2014). These agreements include arrangements to substantially reduce or remove tariffs on Australian food and agribusiness export products.
However, reduced tariffs alone will not provide Queensland businesses with the full potential benefits stemming from these FTAs. It is important to identify which markets contain genuine potential for growth, by examining both the impact that the FTAs are likely to have on demand for these products, and the ability of Queensland’s agribusiness and food sectors to increase production and exports to these countries.
The overarching objective of the project is to assist Queensland’s food and agribusiness sector to capitalise on market opportunities arising from the three FTAs. The following sections present an overview of the headline opportunities arising from each FTA and specific opportunities for trade and investment.
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