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Australian Cattle Council : Yearbook 2015
YEARBOOK2015 CATTLE COUNCIL OF AUSTRALIA 26 Trade & Market Access During 2014-15 the MLA co-ordinated market access program, invested beef producer levies and processor contributions in supporting industry and government to maintain access to and to liberalise export markets. This expenditure incorporated high level Australia based trade reform advocacy activities as well as intelligence gathering, trade liberalisation positioning and alliance building in key export markets. The priority over the past 12 months was to capitalise on the potential beef industry benefits from implementing and concluding free trade agreements (FTAs) with some of our significant export customers. This included advocating timely entry into force of both the Korea-Australia FTA and the Japan-Australia Economic Partnership Agreement and positioning the beef sector for a favourable outcome from the China-Australia Free Trade Agreement negotiations. Korea-Australia FTA (KAFTA) KAFTA immediately delivered tariff reduction benefits in Australia’s third largest volume beef export market when it came into force during December 2014. Importantly, KAFTA lowered the previous 8% tariff differential between Australian and US beef to no greater than 5.4% during the phased 15-year tariff elimination period. Japan-Australia EPA (JAEPA) JAEPA came into force in January 2015, providing Australian beef with a clear tariff advantage over other imported beef suppliers in Japan. While not securing beef tariff elimination, JAEPA was a watershed agreement in terms of securing significant improvements in the imported beef tariff regime.