The Benefits of the China Australia Free Trade Agreement to start on December 20th!
The substantial benefits secured through the historic China Australia Free Trade Agreement (ChAFTA) are set to start flowing from 20 December, the Minister for Trade and Investment Andrew Robb has today announced.
This follows a critical ‘exchange of notes’ in Sydney between Australia’s Ambassador-designate to China Jan Adams and Chinese Ambassador Ma Zhaoxu which formally confirms that both Australia and China have now fulfilled their respective domestic requirements to enable ChAFTA to enter into force.
Mr Robb said this was a most significant moment as the government’s key objective – despite a very tight timeframe – was to see ChAFTA operational before the end of 2015.
“This will deliver a very material early harvest for our exporters in the form of two rounds of annual tariff cuts in quick succession. The first round of tariff cuts will occur on 20 December followed by a second round on 1 January 2016,” he said.
“This will save our exporters hundreds-of-millions-of-dollars in extra tariff payments next year alone compared to if entry into force had been delayed until sometime in 2016. The National Farmers’ Federation estimates our agriculture sector alone is set to save around $300 million.”
Mr Robb said this outcome would immediately enhance our competitive position in the world’s second biggest economy which will be good for growth and job creation. Our dairy industry for example expects ChAFTA to result in 600-700 extra dairy jobs in the first year alone.
“This is the most favourable trade deal that China has done with any developed economy and it will put us in the box seat to further capitalise on China’s rising middle class and increasing demand for the types of high quality goods and services that Australia can and does provide,” Mr Robb said.
On entry into force, more than 86 per cent of Australia’s goods exports to China (worth more than $86 billion in 2014) will enter duty free, rising to 96 per cent when ChAFTA is fully implemented.
Australian services suppliers and investors will also be able to reap the rewards of new and improved levels of access in China from 20 December. Consumers will also benefit from more affordable Chinese goods such as electronics, clothing and other household items as tariffs are eliminated.
ChAFTA’s entry into force rounds out a powerful trifecta of trade deals that the government has sealed with three of our four largest export markets – China, Japan and Korea – covering 49 per cent of our exports.
Together with the Trans-Pacific Partnership Agreement (TPP), these agreements will provide unprecedented access for innovative Australian enterprises to the world’s largest and most dynamic markets.
“In this critical post-mining boom period, the government has very deliberately pursued an aggressive trade and investment agenda to support the transition of our economy by adding diversity to what we do,” Mr Robb said.
Businesses can search for product-specific ChAFTA tariff information and guidance on rules of origin through an innovative new FTA Portal. A guide for exporting and importing goods, providing step-by-step advice ahead of entry into force, is also available.
source:http://trademinister.gov.au/releases/Pages/2015/ar_mr_151209.aspx
AARTD越南分公司一周岁啦！AARTD Vietnam Office turn 1 year!
AARTD越南分公司一周岁啦！AARTD Vietnam Office turn 1 year!
我们AARTD越南分公司迎来一周年的生日了！
祝贺我们越南的团队生日快乐！
感谢美丽的姑娘们在这一年里所做的努力，期待你们做出更加辉煌的成绩！
Congratulations to our Team in Vietnam! One year old this week!
Thanks for your great work during our 1st Year and looking forward to many more to come!
Shrimp exports from Mekong Delta down 32%
Shrimp exports from Vietnam's Mekong region fell 32% in the first five months of the year because of a slump in demand from Europe, Australia, Japan, and Korea. Vietnamese shrimp also has to compete with products from Thailand and India. The decline has pushed prices down in the delta, posing a big challenge for shrimp breeders, Sai Gon Giai Phong newspaper quoted Deputy Chairman of the Ca Mau People's Committee, Le Dung, as saying. Due to the low demand Vietnamese exporters shipped large quantities to the US, causing prices there to go down sharply. To cope with competition, Mr Ca Mau asked authorities to help with information about market demand, prices, and types of goods in demand to help exporters and farmers/buyers.
Michael Boddington from Asian Agribusiness Recruitment Training Development (AARTD) has been involved in agribusiness in Asia since 2000. AARTD has office both in Vietnam Ho Chi Minh City and China Beijing. So AARTD has a thorough understanding of the Vietnam and China agribusiness industry and produces up-to-date research reports on the market. We can offer insights on supply and demand trends and comments on the future structure of Asian agribusiness. If you would like to know more please email: This email address is being protected from spambots. You need JavaScript enabled to view it.This email address is being protected from spambots. You need JavaScript enabled to view it.
Source: http://www.asian-agribiz.com/
Shrimp exports hit high at over USD4 billion in 2014
Data from Ministry of Agriculture and Rural Development revealed that seafood export value in 2014 is estimated at USD7.9 billion, up 18% year on year. Shrimp exports is expected to reach the highest recorded value, at over USD4 billion, up 25% year on year.Export value of whiteleg shrimp continued to sharply increase and by the end of 2014, export value of the shrimp nearly doubled that of black tiger shrimp.
The US continued to be the leading market for Vietnam shrimp exports. Shrimp exports to the EU continued its increasing trend. The US, Japan and the EU are three major markets for shrimp exports. Markets such as South Korea, Australia, Canada witnessed double digit growth.
According to Mr. Nguyen Hoai Nam, Deputy General Secretary of VASEP, seafood import demand from the US, EU, Japan is high but Vietnam has to be competitive by improving quality of products. Only by this way can Vietnam seafood exports maintain growth and become better.
Reportedly, in 2014, brackish water shrimp was farmed in the total area of 685,000 hectares, consisting of 590,000 hectares for black tiger shrimp and 95,000 hectares for whiteleg shrimp.
Michael Boddington from Asian Agribusiness Consulting (AAC) has been involved in agribusiness in Asia since 2000. AAC has office both in Vietnam Ho Chi Minh City and China Beijing. So AAC has a thorough understanding of the Viet Nam and China aqua industry and produces up-to-date research reports on the market. We can offer insights on supply and demand trends and comments on the future structure of Asian agribusiness. If you would like to know more please email This email address is being protected from spambots. You need JavaScript enabled to view it.This email address is being protected from spambots. You need JavaScript enabled to view it.
This email address is being protected from spambots. You need JavaScript enabled to view it. Source: http://seafood.vasep.com.vn/seafood/50_10389/shrimp-exports-hit-high-at-over-us-4-billion-in-2014.htm
China buyers in deals for more than 1 million tonnes of U.S. soy
Chinese buyers signed nine contracts for a total of more than 1 million tonnes (1.1 million tons) of U.S. soybeans at a ceremony in Chicago on Tuesday.
The purchases are for delivery to China, the world’s top soy importer, in calendar year 2015, said a U.S. trader at the ceremony.
The ceremony was held on the first day of the U.S.-China Joint Commission on Commerce and Trade, which runs through Thursday.
Buyers included state importers COFCO and Sinograin Oil Corp as well as Yihai Kerry Group, Chinatex Grains & Oils, Yuntianhua USA Inc and Jiusan USA Inc. They signed deals to buy from Archer Daniels Midland Co, Zen-Noh Grain, Louis Dreyfus [LOUDR.UL], Cargill [CARG.UL], Gavilon and Noble-Agri.
“These contracts were maybe for 100,000 or 200,000 tonnes apiece,” said a U.S. soy trader who requested anonymity. “We know they are going to buy the beans every year, but this type of ceremony really reinforces the relationship with our biggest customer.”
The deals had little impact on soybean futures prices at the Chicago Board of Trade, which languished near the session lows they hit before the ceremony. CBOT January soybeans were down 13-1/2 cents at $10.26 a bushel at 12:10 p.m. CDT (1.10 p.m. ET).
Traders said the agreements were relatively small for China, which is expected to import 74 million tonnes of the oilseed in the 2014/15 marketing year. The U.S. Agriculture Department’s export inspections report issued on Monday showed more than 1.3 million tonnes of soybeans destined for China were inspected in the past week.
Traders do not expect all of the agreed-upon contracts to show up in the USDA’s daily reporting system, which requires exporters to report large sales to a single destination within a day. Some of the signings on Tuesday will remain “frame contracts” with no specified price or shipping terms until a later date.
A similar signing ceremony in Milwaukee in September yielded purchase agreements for 4.8 million metric tons of U.S. soybeans. The USDA confirmed nearly 2 million metric tons in Chinese soy purchases over the next three days.
Michael Boddington from Asian Agribusiness Consulting (AAC) has been involved in agribusiness in Asia since 2000. AAC has office both in Vietnam Ho Chi Minh City and China Beijing. So AAC has a thorough understanding of the Viet Nam and China livestock industry and produces up-to-date research reports on the market. We can offer insights on supply and demand trends and comments on the future structure of Asian agribusiness. If you would like to know more please email This email address is being protected from spambots. You need JavaScript enabled to view it.
Source: http://www.reuters.com/article/2014/12/16/us-china-soybean-deals-idUSKBN0JU2FJ20141216
Angel investors back food delivery service
Michael Boddington from Asian Agribusiness Consulting (AAC) has been involved in agribusiness in Asia since 2000. AAC has office both in Vietnam Ho Chi Minh City and China Beijing. So AAC has a thorough understanding of the Viet Nam and China livestock industry and produces up-to-date research reports on the market. We can offer insights on supply and demand trends and comments on the future structure of Asian agribusiness. If you would like to know more please email This email address is being protected from spambots. You need JavaScript enabled to view it.
Source: www.asian-agribiz.com
China continues to become Brazil's largest importer of agricultural products
According to the Brazilian Ministry of Agriculture recently released statistics, the total value of agricultural imports from Brazil, China reached 21.57 billion US dollars from January to November in 2014. Next year in a row is expected to become Brazil's largest export destination of agricultural products.
Statistics show that China is the biggest buyer of Brazilian soybean imports amounted to $ 16.96 billion. In 2013, China surpassed the EU has become the largest export destination for Brazilian agricultural products; total imports reached $ 22.88 billion.
First 11 months of 2014, the United States is Brazil's second largest agricultural export destination, the value of agricultural imports from Brazil for$ 6.38 billion. Timber and coffee is one of the largest agricultural products the United States imports from Brazil. The Netherlands to $5.73 billion in imports to become Brazil's third largest agricultural export destination, soybean, timber and beef is the main imported products. Russia and Germany ranked Brazil's fourth and fifth largest agricultural export destination.
Michael Boddington from Asian Agribusiness Consulting (AAC) has been involved in agribusiness in Asia since 2000. AAC has office both in Vietnam Ho Chi Minh City and China Beijing. So AAC has a thorough understanding of the Viet Nam and China livestock industry and produces up-to-date research reports on the market. We can offer insights on supply and demand trends and comments on the future structure of Asian agribusiness. If you would like to know more please email This email address is being protected from spambots. You need JavaScript enabled to view it.This email address is being protected from spambots. You need JavaScript enabled to view it.This email address is being protected from spambots. You need JavaScript enabled to view it.
Source: http://news.xinhuanet.com/2015-01/03/c_1113854557.htm
CP Vietnam Corporation provides nearly 300,000 tons of pork per year
According to the CP Vietnam Corp., the company is expanding linked farming model to provide 300,000 tons of pork each year to the market. The size of pig farm is 1,000-10,000 pigs. CP Vietnam also linked with farmers to produce PS sows with the size of 600-2,400 sows. Currently, CP owns total approximated 200,000 sows with the average capacity of 23.5 weaned/ sow/ year. The amount of pork that CP supplies to the market is equal with the amount of pork in Dong Nai province.
Michael Boddington from Asian Agribusiness Consulting (AAC) has been involved in agribusiness in Asia since 2000. AAC has office both in Vietnam Ho Chi Minh City and China Beijing. So AAC has a thorough understanding of the Viet Nam and China livestock industry and produces up-to-date research reports on the market. We can offer insights on supply and demand trends and comments on the future structure of Asian agribusiness. If you would like to know more please email This email address is being protected from spambots. You need JavaScript enabled to view it.This email address is being protected from spambots. You need JavaScript enabled to view it.
Source: http://www.baodongnai.com.vn/tintuc/201411/cp-cung-cap-gan-300-ngan-tan-thit-heonam-2355157/
Yili to invest $327m in NZ dairy
Inner Mongolia Yili Industrial Group Co, one of China’s largest dairy producers, said Friday it will invest 2 billion yuan ($327 million) in four dairy projects in New Zealand.
Yili on Friday unveiled its Oceania production base in Waimate, South Island, New Zealand, which has received investment of 1.2 billion yuan.
The base, covering packaging, production, processing and R&D, is the largest integrated dairy production base in the world, according to Yili.
The move came as increasingly more Chinese customers prefer overseas dairy products as the reputation of local brands was damaged in the melamine-tainted baby formula scandal in 2008.
The second-phase investment will be four projects – a raw milk processing plant, a UHT milk plant, a milk powder plant and a packaging plant.
Also on Friday, Yili signed an agreement with Lincoln University of New Zealand to focus on research on how to improve nutrition and to ensure the quality of dairy products.
Michael Boddington from Asian Agribusiness Consulting (AAC) has been involved in agribusiness in Asia since 2000. AAC has office both in Vietnam Ho Chi Minh City and China Beijing. So AAC has a thorough understanding of the Viet Nam and China agribusiness industry and produces up-to-date research reports on the market. We can offer insights on supply and demand trends and comments on the future structure of Asian agribusiness. If you would like to know more please email: This email address is being protected from spambots. You need JavaScript enabled to view it.This email address is being protected from spambots. You need JavaScript enabled to view it.This email address is being protected from spambots. You need JavaScript enabled to view it.
Source: http://www.globaltimes.cn/content/893257.shtml
Chinese industries influenced by Sino-Australia FTA
While China finalized negotiations with Australia on a landmark free trade agreement, after nearly a decade of talks, it is still in the process of striking similar deals with other countries.
The Sino-Australian FTA could show how similar agreements would bring long-lasting effects to participating countries. Let’s take a look at which industries in China would be affected.
Dairy industry
According to the FTA, China will levy zero tariffs on dairy products from Australia in four years’ time while the current rate is 10 to 15 percent.
Wang Dingmian, a dairy expert, told 21st Century Business Herald that the zero-tariff treatment will have “some” influence on China’s domestic dairy industry, but it will not be “very large” because the volume China imports from Australia is small and the price of Australian dairy products does not have an advantage over those of New Zealand, which is the largest source of China’s dairy imports.
According to statistics of the General Administration of Customs of China, the country imported 30,267.82 tons of milk power from Australia, accounting for just 3.72 percent of all imports.
However, discussion has already begun on whether zero-tariff treatment will usher in price cuts for imported dairy products or whether the move will disadvantage China’s high-end dairy products makers. There are also voices that say the move will encourage Chinese companies to invest in the Australian dairy industry. China’s New Hope Group announced on Nov 18 that the company will invest A $500 million in Australia’s agriculture and food industry, including the dairy industry.
Wine industry
China will lower its tariff on imported wine from Australia year by year and finally levy none in 2019, according to the FTA between China and Australia.
The country imported $182 million worth of wine from Australia in the first nine months of this year under the current tariff rate of 14 to 30 percent, making Australia China’s second largest partner country, according to statistics of the General Administration of Customs of China.
For China’s importers, the Sino-Australian FTA has brought “confidence”, according to Guo Haibing, general manager of Shandong Smart International Consulting Company, which sells Australian wine. This may later result in a change in market share of Australian wine in China, Guo added.
China has cut benchmark interest rates for the first time since July 2012 in an effort to prop up growth as the economy continues to slow.
Effective from Saturday, the one-year benchmark lending rate will be lowered by 40 basis points to 5.6 percent and the one-year benchmark deposit rate by 25 basis points to 2.75 percent, the People’s Bank of China said on Friday.
The adjustment comes after figures showed that manufacturing activity in the country is nearing contraction. According to the FTA, Australia will impose no tariff for all goods from China and this is definitely good news for China’s manufacturing industry.
Michael Boddington from Asian Agribusiness Consulting (AAC) has been involved in agribusiness in Asia since 2000. AAC has office both in Vietnam Ho Chi Minh City and China Beijing. So AAC has a thorough understanding of the Viet Nam and China agribusiness industry and produces up-to-date research reports on the market. We can offer insights on supply and demand trends and comments on the future structure of Asian agribusiness. If you would like to know more please email: This email address is being protected from spambots. You need JavaScript enabled to view it.This email address is being protected from spambots. You need JavaScript enabled to view it.This email address is being protected from spambots. You need JavaScript enabled to view it.
Source: http://www.chinadaily.com.cn/business/2014-11/24/content_18963665_2.htm