Australia to reopen dairy exports to IndiaMarch 3rd, 2009 - 5:28 pm ICT by IANS
Canberra, March 3 (Xinhua) The Australian and the Indian government agreed Tuesday to resume the trade of Australian milk products for the first time since the suspension of importing goods in 2003.
“India’s changing demographics, particularly its growing middle class and urbanization, is creating real potential for the trade growth and Australia is well placed to provide high-value dairy products,” Trade Minister Simon Crean said in a statement while commenting on the bilateral agreement.
Crean said the growing agricultural relationship between Australia and India has led to the recommencement of the trade, and may further benefit ongoing cooperation on mutual trade issues.
The Australian government hopes exports will grow beyond the 2003 mark when the dairy trade resumes in the near future.
Agriculture Minister Tony Burke said it was an important opportunity for the industry at a time when Australian dairy producers were going through a difficult period.
The breakthrough in India follows the signing of the ASEAN-Australia-New Zealand Free Trade Agreement last week that will deliver better access for Australian dairy products to a South East Asian market.
Tags: agriculture minister, asean, asian market, australian dairy products, australian government, bilateral agreement, canberra, dairy exports, dairy producers, demographics, difficult period, free trade agreement, importing goods, indian government, middle class, milk products, simon crean, trade minister, urbanization, xinhua