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Australian Cattle Council : Yearbook 2010
19 YEARBOOK 2010 CATTLE COUNCIL OF AUSTRALIA Table 1: Completed Free Trade Agreements, tariff reductions applicable to Australian beef FTA Date FTA entered into force Tariff rate prior to FTA 2010 tariff rate Zero tariff year Thailand 1 January 2005 50% 26.67% 2020 United States: in-quota 1 January 2005 US4.4c/kg 0 2005 United States: over-quota " 26.4% 26.4% 2022 Chile 6 March 2009 6% 0% 2009 Indonesia (under AANZ FTA) 1 January 2010 5% 0-5% 2020 Philippines (under AANZ FTA) " 10% 5% 2012 Vietnam (under AANZ FTA) " 20% 15% 2018 Cambodia (under AANZ FTA) " 35% 35% 2021 Table 1 shows the changes in the tariff rate for beef to selected markets, while some may look like small changes, reductions in tariffs translate to extra dollars entering the Australian red meat industry. For example, while the removal of the 4.4c(US)/kg tariff doesn't sound like much, multiplied by 280,000 tonnes of Australian beef exported to the US last financial year adds up to a reduced tariff of $13.8 million Australian dollars last year alone. The likelihood of export volumes to the US being restricted by the quota has been reduced due to an increase in the quota allowance since commencement of the FTA. The 2010 quota is 403,000t, up from the 378,000t prior to commencement of the FTA and is higher than the peak exports to the US of 398,000t set in 2001. Indonesia and the Philippines are also increasingly important markets for Australian exporters, receiving $140 million and $60 million worth of Australian beef exports respectively last financial year. The reduction, and eventual removal of these tariffs over the next 10 years will make Australian product more attractive and help to grow these important markets. The importance of trade is well known to Australian beef producers who export two thirds of their production. It is vitally important to our future to continue working to reduce both tariff and non tariff barriers to trade. More Beef from Pastures The practical tools you need to build a more profitable enterprise More Beef from Pastures - The producer's manual provides a complete package of information and tools to assist in optimising beef production from your feedbase -- essential ingredients for sustainability and productivity in an increasingly challenging climate. For more information and free tools: www.mla.com.au/ morebeeffrompastures Order your copies today. Call 1800 675 717 or email email@example.com Paul Fry Industry and Policy Analyst Cattle Council of Australia