Australian dairy farmers will have greater access to a key export market following significant improvements to the Thai Australia Free Trade Agreement (TAFTA).
The changes to the agreement will save Australian dairy exporters $1.3 million in tariffs in the next two years, after Thailand increased special safeguard measures on products such as milk fat, whey and cheese, and expanded the tariff rate quota for skim milk powder.
Dairy Australia international market access manager Peter Myers said the changes to the agreement would make Australian dairy products more competitive and attractive to Australia’s seventh-largest dairy export market.
“This presents an exciting opportunity to increase exports of Australian dairy to the Thai market,” Mr Myers said.
“We have shown the Thai Government that we are a collaborative partner of the Thai dairy industry, and we look forward to continuing to enhance the trade relationship.”
In 2017/18, Australia exported 36,000 tonnes of dairy products to Thailand, worth more than $130 million.
The agreement will allow Australian dairy to maintain and improve its leading position in the Thai market by providing high quality, competitively priced dairy products to Thai customers and consumers.
For more information on tariffs for key export markets, access Dairy Australia’s Export Market Dairy Tariffs Guide at www.dairyaustralia.com.au/industry/exports-and-trade/dairy-tariffs.