Australia inks new free trade deal with Peru

THE NEW Peru-Australia Free Trade Agreement will open a new market in Latin America to Australian farmers with the agreement helping build on the $590 million trade relationship between the two nations.
Australia inks new free trade deal with Peru Australia inks new free trade deal with Peru Australia inks new free trade deal with Peru Australia inks new free trade deal with Peru Australia inks new free trade deal with Peru

Kristy Moroney

Assistant Minister for Agriculture and Water Resources, Luke Hartsuyker, said the free trade deal will eliminate tariffs and create new agricultural export opportunities to the benefit of Australia’s meat sector—including beef, sheepmeat and kangaroo—and the sugar, dairy, rice, sorghum, horticulture and wine sectors. 

“Economic partnerships are the bedrock of success for modern trading nations and this agreement reflects Australia’s excellent global reputation as a producer of clean, green, high-quality produce,” Minister Hartsuyker said.

“The deal with Peru also creates greater potential to expand trade into the broader Latin American region, to fuel growth of our agricultural sector and generate better returns at the farm gate,” he said.

“Bringing an extra buyer into the market helps strengthen the hand of farmers to secure higher prices, with flow on benefits not only to rural and regional Australia, but all Australians.

"Identifying and making use of these new market access opportunities will help support the ongoing productivity and profitability of Australian agriculture.”

The government will work closely with Australian export industries to guide and inform preparations for technical market access submissions to Peru. 

Discussions are underway between Australian and Peruvian authorities to establish the necessary import protocols for Australian beef and sheepmeat.