Agriculture and Food Trade
On average, 65 per cent of the value of Australian agriculture production is exported to overseas markets. In 2013, Australian agriculture and food exports totalled $41.5 billion. This equated to 13.0 per cent of the total value of Australia's goods and services exports that same year. A core part of Australia's international trade policy agenda is the commitment to continuing efforts to remove distortions in global agricultural markets and seeking improved market access conditions for Australian exporters. This includes addressing non-tariff barriers in international markets.
Australia pursues agricultural trade policy through bilateral, regional and multilateral engagement with overseas markets. An open and transparent global food trading system is critical not only for Australia's agricultural and food industries, but it also helps strengthen global food security. Open and transparent markets allow agriculture and food to move from where it can be produced to where there is demand.
The Korea-Australia Free Trade Agreement (KAFTA) and the Australia-Japan Economic Partnership Agreement (JAEPA) are historic outcomes that will provide significantly improved market access and strengthen the food-trade relationship with two of Australia's most important agriculture and food export markets. These two markets were the destination for approximately 15.8 per cent of Australia's total food and agricultural exports in 2013.