The Australian Dairy Industry Council has applauded the confirmation the China Australia Free Trade Agreement will enter into force on December 20.
ADIC chair Simone Jolliffe said the dairy industry was ‘‘extremely pleased’’ the historic agreement would be ratified before the end of 2015.
‘‘The entire dairy value chain, led by the ADIC, has lobbied strongly for the implementation of the FTA and we are pleased to see its entry into force,’’ Mrs Jolliffe said.
‘‘On December 20, Australian dairy exporters will experience the first year’s tranche of tariff reductions.
‘‘This will be followed by a second round of tariff cuts on January 1, 2016.
‘‘In the long term this will mean more jobs across the Australian dairy industry, both on farm and in processing plants.
‘‘It will provide our industry with the confidence it needs to invest for a strong future.’’
ADIC thanked Federal Trade and Investment Minister Andrew Robb and his team of negotiators, as well as the Federal Government, industry and the broader dairy community for making the FTA a reality.