The Australian Government signed an FTA with Peru
According to Meat & Livestock Australia (MLA), the current tariffs of 11-17% on beef will be eliminated either on entry into force of the agreement or within five years; the 9% tariff on sheepmeat/goatmeat being eliminated on entry into force; tariff applicable to live animal exports and edible offals bound at 0% and the elimination of tariffs for further processed meat products either entry into force or within five years.
MLA said that protocols/certification still need to be established with Peru in order for trade to flow. "This process is currently underway with dialogue between Australian and Peruvian government authorities to establish the required import protocols for Australian red meat," according to the MLA's statement.
MLA says that the liberalisation of the Peruvian import regime achieved via PAFTA will potentially provide an opportunity for Australia's meat industry to access a new export market.
Furthermore, beef consumption in Peru is forecast to triple by 2020 and its sheepmeat consumption by 20% by 2025. MLA said the Austrlian meat industry will be in a position, pending the finalisation of the certification arrangements, to respond to future inquiries from Peru’s retail and foodservice sectors – with a Peruvian supermarket chain previously expressing interest in sourcing Australian product.
According to MLA, PAFTA will also provide "a useful stepping stone to securing closer economic relations with the Pacific Alliance group of countries (Chile, Columbia, Mexico and Peru) and thereby help expand industry’s engagement in Latin America."
Photo Source: Wikimedia Commons/ Fernando Rodríguez Barboza
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