Aust sugar win in Peru free trade deal

Peru FTA delivers win for Aust sugar

AUSTRALIA-PERU FTA: The inclusion of sugar sends a clear message that sensitive commodities can and should be included in trade agreement, says CANEGROWERS chairman Paul Schembri.

AUSTRALIA-PERU FTA: The inclusion of sugar sends a clear message that sensitive commodities can and should be included in trade agreement, says CANEGROWERS chairman Paul Schembri.

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Australian has gained access for 30,000 tonnes of raw sugar a year into Peru, ultimately increasing to 60,000t.

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CANE farmers are celebrating news that Australia has negotiated a successful outcome for the sugar industry in the Peru-Australia Free Trade Agreement.

CANEGROWERS chairman Paul Schembri said Peru has agreed to market access for Australian raw sugar under terms it had never granted to any other country.

“The inclusion of sugar in the deal with Peru sends a clear message that sensitive commodities, which have been excluded from some past Australian trade agreements, can and should be included,” Mr Schembri said.

“80 per cent of the raw sugar produced from our cane is exported so every market door that is opened is welcome as it increases the demand for Australian sugar.”

The inclusion of sugar in the deal.. sends a clear message that sensitive commodities.. can and should be included. - Paul Schembri, CANEGROWERS

The new access for Australian raw sugar to Peru is 30,000 tonnes a year from the first year of the agreement increasing to 60,000t in year six and 90,000t in year 18.

“While the initial amounts of raw sugar that Peru may purchase are small compared to our annual production of more than 4.5 million tonnes, the FTA will enable Australian exporters to establish and grow commercial relationships with refiners in Peru which has one of Latin America’s fastest growing economies,” Mr Schembri said

Mr Schembri is also the chairman of the trade committee for the Australian Sugar Industry Alliance, which involves the milling and growing sectors.

The story Aust sugar win in Peru free trade deal first appeared on North Queensland Register.

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