Monday, February 11, 2008

Japanese agricultural free trade agreement in jeopardy

“Local agricultural exporters will be hit hard as a result of the Rudd Labor Government’s decision to slash over $1 million from the negotiating budget on the Australia-Japan Free Trade Agreement (FTA),” Sophie Mirabella, the Federal Member for Indi, said today.

“Agiculture will be a victim of Labor’s cherry picking approach to reducing government spending with Australia’s agricultural exports being sidelined by this Labor funding cut,” Mrs Mirabella said.

“With the Rudd Government slashing $1.1 million from its budget for negotiations on an Australia-Japan FTA, the potential to increase exports to Japan is likely to be adversely affected.”

“Labor’s decision to cut funds aimed at helping Australia and Japan secure a free trade deal is lacking in foresight.”

“Japan is our largest trading partner and the former Coalition Government recognised the significant potential for Australian farmers through an Australia-Japan FTA,” Mrs Mirabella said.

“Japan has a very protected agricultural market, and even small reductions in their tariff barriers would benefit local farmers.”

“Labor is obviously happy to hobble Australia’s current and potential exporters to Japan by cutting this important funding – funding the Coalition recognised as important for maximising Australian exports.”

“The benefits from a FTA with Japan underscore the importance of the Australia-Japan relationship, and the need for Labor to look after the interests of North-East Victoria.”

“Labor needs to help the relationship between Australia and Japan reach its full potential so a bilateral trade agreement can be reached, increasing our economic partnership.”

“It is absolutely important Labor recognises the importance of continuing to strengthen our business ties with Japan before sacrificing funding that could be the difference between securing an effective FTA with Japan.”

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