Cattle Council backs China-Australia FTA campaign
Cattle Council is voicing its support for the national campaign by the National Farmers’ Federation, the Minerals Council and the Australian Chamber of Commerce and Industry, which is designed to inform the public about the benefits of the China-Australia Free Trade Agreement (ChAFTA).
If Parliament fails to ratify ChAFTA, Australia’s beef producers will not see the 12-25 per cent tariff cuts on beef products or the $270 million gross value increase.
This trade agreement has taken 10 years to negotiate and it needs to be passed through parliament so farm businesses can take advantage of a double tariff cut – the first on commencement and the second on 1 January 2016.
Howard Smith, Cattle Council President and Queensland cattle producer, said the deal will increase beef exports which means more jobs on Australian farms, in abattoirs and across the export supply chain.
“Failure to ratify the agreement this calendar year is anticipated to cost the beef industry up to $60 million in 2016 alone,” Mr Smith said.
“Our safe, high-quality beef is in high demand from China. Holding it up is not fair for our producers, who stand to lose two rounds of tariff cuts.
The national campaign is urging the Federal Parliament to look at the long-term job creation that ChAFTA will deliver. The agreement will create an environment for increased investment into Australian technology, workplace training and importantly local community resources.
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