National grain farmer representative organisation, Grain Growers, has called for bipartisan support for the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (TPP-11).
“In September we observed bipartisan support for TPP-11 in the House of Representatives,” said Grain Growers trade and economics manager Luke Mathews.
“Next week we trust that same support will be on display in the Senate," he said.
Mr Mathews said the trade deal could be a massive breakthrough for Aussie grain growers.
“Australia’s early ratification of TPP-11 will give Australian grain farmers a reason to smile by ensuring improved market access and better grain prices once more favourable seasonal conditions return," Mr Mathews said.
“Bilateral and regional preferential trade agreements such as the TPP-11 are critical in improving export opportunities and prices for the Australian grain sector.”
TPP-11 members are important partners of the Australian grains industry.
The average value of Australian grain exports to TPP-11 members is A$1.6 billion, contributing some 15-20 per cent of all Australian grains exports.
“For the grains industry, the largest benefits from TPP-11 are improved market access into the important Japanese wheat, barley and canola market," Mr Mathews said.
“In 2016/2017, Australian grains exports to Japan were valued at more than $750 million, led by barley, $325 million, wheat, $304 million, and canola, $84 million," he said.
“In addition to the market access outcomes, the TPP-11 will play an important role in encouraging mutual recognition of standards and reducing non-tariff barriers in the region.
“Australian grain farmers grow about 49 million tonnes of grains, oilseeds and pulses each year, which at the farm gate alone is worth $14.6 billion.”