Trade deals with Indonesia, Hong Kong and Peru to be finalised
Free trade agreements with Indonesia, Hong Kong and Peru are one step closer to being finalised after they were passed through Parliament.
These trade deals will run alongside the Regional Comprehensive Economic Partnership (RCEP) Australia has joined.
Minister for Trade, Tourism and Investment Simon Birmingham tells Ross Greenwood there are many benefits for Australia.
“What this means is around 500,000 tons of extra Australian wheat will be able to go into Indonesia without facing any tariffs or taxes additionally on it.
“Similar types of big volumes in terms of meat gains, horticultural gains, dairy products having all of their tariffs eliminated.
“This is really about making sure that our farmers, our businesses, are able to sell more goods more easily, more competitively, into what is going to be an increasingly important economy right on our doorstep.”
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Image: Getty/Tracey Nearmy