An expanded trade agreement with China will help strengthen the North’s multi-million dollar beef industry and create more jobs in regional areas.
Northern based Government Senator Ian Macdonald welcomed the Joint Statement on Enhancing Inspection and Quarantine Cooperation between Australia and the People’s Republic of China, which will improve two-way agricultural trade between the two countries, particularly for Australian meat exports.
Senator Macdonald said one of the main benefits to the North from the agreement was the expansion of the chilled meat trade, with an additional 15 meat processing firms now eligible to export meat to China.
“Meat processing, along with live exports, are of immense value to our country, and given this strength of this industry in Northern Australia, today’s announcement will serve as a catalyst for further growth and expansion,” Senator Macdonald said.
Senator Macdonald said Australian beef exports had grown from less than $100million in 2011, to exceed $600million in 2016
“This deal is exactly the sort of confidence this industry needs as it continues to recover from Labor’s crippling live-export ban, which nearly decimated this valuable sector.
“It also reinforces the benefit of the Federal Government’s dogged pursuit of trade agreements with our largest trading partners, and its continued investment in unlocking the potential of Northern Australia.”