Comprehensive and Progressive Trans-Pacific Partnership (CPTPP) signed and set to be ratified

Posted by AMPC Blogger on Mar 13, 2018
The Australian red meat industry is set to benefit from the new Comprehensive and Progressive Trans-Pacific Partnership (CPTPP) that has recently been signed on March 8, 2018 in Santiago, Chile by the trade ministers of the eleven countries party to the agreement.

The CPTPP is the largest and most comprehensive agreement of its kind between these countries and will provide considerable gains in market access and lower trade tariffs for Australian exporters especially in the key markets of Japan, Mexico and Canada.

It will also open up new greater trade opportunities in the Asia-Pacific region as other signatories to the agreement include Malaysia, Singapore, Brunei, Chile, Peru, New Zealand and Vietnam. You can see more detailed benefits by country here.

Our industry is now seeking early ratification of the agreement so that the new terms can quickly come into force and provide trade advantages to the Australian red meat sector.

AMPC is a significant 50 per cent joint funder of market access programs managed by MLA on our behalf of all the red meat sector. In addition to this, AMPC maintains close relationships with our peak industry council, the Australian Meat Industry Council (AMIC), and the Australian Government to ensure that our processor members' priorities are heard.

We hope this outcome will provide our industry with significant trade opportunities and we are pleased to have been able to assist in some way gaining access to these benefits on behalf of our members.

Topics: TPP, trade, AMPC, red meat, 2018