Australia’s top-tier lucerne exporter is preparing to take on growers in the US from next year following a green light for the Trans-Pacific Partnership trade deal.
Pasture Genetics, which has crops at Virginia in Adelaide’s north, produces seed products for export.
Pasture Genetics international business manager Sean Coffey said the introduction of the Trans-Pacific Partnership eliminated the 15 per cent tariff on Australian lucerne seed exports into Mexico.
The company faces a lot of competition from the US – the biggest supplier of lucerne seed into Mexico – globally.
“Hopefully, now we will be on a level playing field against the US,” Mr Coffey said.
He expects the deal, which comes into effect around December 30, will expand the amount of seed Pasture Genetics sends to the market and lift profits for Australian agriculture.
The TPP is Australia’s first free-trade agreement with Canada and Mexico, two of the world’s top 20 economies, and strips 98 per cent of tariffs for 11 countries with a combined […]
Image: Senator Simon Birmingham and Pasture Genetics international business manager Sean Coffey address the media at Pasture Genetics Penfield Research Station.
Trade deal promises greener pastures
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