PM seeks TPP backing as Peru agrees trade deal

Original article by Phillip Coorey
The Australian Financial Review – Page: 4 : 10-Nov-17

Peru will abolish almost all tariffs on Australian imports under a free-trade agreement between the two nations. Australian farmers in particular are set to benefit from the trade deal, with sheep meat, wheat and almonds among the products that will be tariff-free from the outset, while the tariff on beef will be abolished within five years. Australia accounted for just $US5.3m of the $US4.6bn worth of agricultural products imported by Peru in 2016. Meanwhile, the Federal Government is optimistic that the Trans-Pacific Partnership will proceed without the US.

CORPORATES
TRANS-PACIFIC PARTNERSHIP, AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET, AUSTRALIA. DEPT OF FOREIGN AFFAIRS AND TRADE, ASIA-PACIFIC ECONOMIC CO-OPERATION