LNP cautiously welcomes trade deal

SHADOW Agriculture, Fisheries and Forestry Minister Deb Frecklington has cautiously welcomed the ministerial agreement on the Trans-Pacific Partnership (TPP), describing it as potentially positive for Queensland farmers.

Ms Frecklington said the TPP had potential to build on existing trade agreements to improve market access for Queensland farm products.

"Beef, grain and wool industries stand to benefit from lower tariffs into key east and north Asian and American markets," Ms Frecklington said.

"However, the deal as it stands is disappointing for Queensland canegrowers and millers and nowhere near what they were hoping for.

"Our sugar industry was pushing for far more than the additional 65,000 tonnes it may now be able to ship to the US.

"Sugar remains a sticking point for Queensland and a lot more is likely to be raised on the issue before there can be anything approaching agreement between the industry and deal-makers in Canberra."

The TPP is a multi-country trade agreement between Australia, Brunei, Chile, Malaysia, New Zealand, Peru, Singapore, Japan, the US, Vietnam, Mexico and Canada - nations accounting for 40 per cent of the global economy.



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