Trade and markets
 

Detail

Area
Australia
Commodity Group
Milk and dairy products
Commodity
Dairy products
Date
01/07/2015
Policy Category
Trade
Policy Instrument
Free trade agreement
Description
Signed a free trade agreement with China which will progressively eliminate tariffs across all dairy products. Australia will receive unlimited preferential access, although a discretionary safeguard will be imposed on whole milk powder. Key outcomes include: elimination of the 15 percent tariff on infant formula within 4 years; elimination of the 10–19 percent tariff on ice cream, lactose, casein and milk albumins within 4 years; elimination of the 15 percent tariff on liquid milk within 9 years; elimination of the 10 to 15 percent tariff on cheese, butter and yogurt within 9 years; and elimination of the 10 percent tariff on milk powders within 11 years.