9 March 2018

The signing today of the Comprehensive and Progressive Trans-Pacific Partnership (CPTPP) in Chile has been welcomed by the Australian red meat industry, who look forward to realising significant market access gains once the CPTPP enters into force.

The CPTPP, signed by the Trade Ministers of the eleven countries party to the agreement, is the largest agreement of its kind and is the result of many years of negotiations.

Red Meat Advisory Council (RMAC) Independent Chair Mr Don Mackay lauded the signing on behalf of the multitude of Australian businesses involved in the red meat supply chain.

“The signing of CPTPP is a significant milestone for the Australian red meat industry, and entry into force will see enhanced market access gains in key red meat markets such as Japan, Mexico and Canada, and offer new export opportunities across the Asia-Pacific region.”

“The Australian red meat and livestock industry has been a strong supporter of the Australian Government’s efforts in pursuing these negotiations, given the prospect of improving the competitiveness of Australian product in our international markets.”

“Industry will continue to advocate for swift ratification and entry into force of the CPTPP, with the first tranche of tariff cuts being an important step in realising the benefits of the agreement.”