h Tasmania's Hope of the East Asia Market

Tasmania's Hope of the East Asia Market

Tasmania's Hope of the East Asia Market

Article #67

To capitalize on the recent free trade agreements with Japan (JAEPA - 15th January, 2015), Korea (KAFTA - 12th December, 2014) and China (ChAFTA - 20th December, 2015), a trade delegation including representatives from several Tasmanian industries will travel to East Asia in late February to promote the high quality of Tasmanian agriculture, food, beverages and logistics.

In the previous financial year Tasmania exported over $1.2bn to Japan, Korea and China, and with the new continuation of reduced tariffs as part of the East Asian FTA's, Deputy Premier Jeremy Rockliff said he is confident that this figure will be exponentially improved. According to the Tasmanian government this trade mission will be a key strategy for growing market support for local products.

"A highlight of the trade mission program in Japan will be the TasInvest investment forum, which builds on the success of the first TasInvest which coincided with the visit to Tasmania by Chinese President Xi Jinping in 2014."

The TasInvest forum will attempt to leverage strong Japanese investment in Tasmania, such as Lion Nathan Brewery and Shiratori Flour Mills.

With Tariffs up to 300 per cent being eliminated on agricultural exports, this gives considerable chance to the sale of Tasmanian products such as beef, wine, seafood and dairy, which had previously been restrictive by tariffs.

The trade mission will begin February 22nd and end March 5th this year.

Source: http://www.premier.tas.gov.au/releases/selling_tasmanian_quality_to_japan,_korea_and_china