Australia’s agriculture, food, fisheries and forestry sectors are the big winners following the ratification of the Korea-Australia Free Trade Agreement (KAFTA).
The value of Australia’s horticultural produce is forecast to increase by 4.5 per cent to $9.5 billion this financial year.
Russia has banned imports from a broad range of western countries in retaliation to trade sanctions imposed as a result of the Ukraine crisis.
Australia will consider banning uranium exports to Russia as part of a new stage of sanctions against the country.
The Australian government is working to ensure farmers hit by lost exports to Russia gain access to alternative markets, says Agriculture Minister Barnaby Joyce.
How would you like to reach 300 million Chinese consumers with a hunger for top quality food and beverage products?
The resources boom may be over, but Australia now has three other sectors ready to take up the slack.
A new trade agreement will make it cheaper and easier for Australian organic producers to export to China.
China will account for close to half of the global increase in food demand by 2050, presenting opportunities for Australian agricultural exports.
The Australian Bureau of Agricultural and Resource Economics and Sciences (ABARES) has forecast a small decline in farm export earnings in 2014-15, with returns improving in the medium term.