TPP passage to back Tassie producers
The passage of legislation through the Parliament today to implement the Trans-Pacific Partnership means more market access for Tasmanian farmers, greater opportunities for our businesses, more jobs and increased investment for Australia.
Senator Abetz, as the Chair of the Senate Foreign Affairs, Defence and Trade Committee, published a report last month from Liberal Senators calling on the Senate to urgently pass the Agreement.
“This landmark agreement is one of the most comprehensive trade deals ever concluded and strips 98 per cent of tariffs for 11 countries with a combined GDP of more than $13.8 trillion and close to 500 million consumers – this is great for Tasmanian exporters who will be able to capitalise on these new markets and bring investment into our state,” Senator Abetz said.
“The TPP-11 offers significant advantages for Australian exporters including accelerated reductions in Japan’s tariffs on Australian beef, greater quota volumes for wheat and barley, new access for dairy products and clear investment regimes for mining and resources.”
“Thanks to the Liberal Government’s visionary free trade agenda, we have seen an enormous increase in Tasmanian exports, including a 6% increase to $4.1 billion in 2016-17 something that will grow with this new, additional, trade deal,” Senator Abetz concluded.