Australian Milk Products Leaking Back into India
AUSTRALIA - Australian and Indian government agreed earlier today to resume the trade of Australian milk products for the first time since the suspension of importing goods in 2003.
3 March 2009
1 minute read
"India's changing demographics, particularly its growing middleclass 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 lead to the recommence 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.
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