Trade and markets
 

Detail

Area
Australia
Commodity Group
Oilseeds, oils and meals
Commodity
Rapeseed
Date
01/05/2017
Policy Category
Trade
Policy Instrument
Free trade agreement
Description
Conducted a joint scoping exercise on a future free trade agreement between Australia and the European Union, which could facilitate exports of Australian rapeseed to the EU.
Notes
Australia and the European Union successfully concluded a joint scoping exercise on a future free trade agreement between the two economies. Australian growers’ associations welcomed the news as the EU provides an important market for Australian oilseeds, notably rapeseed. Currently, about 60 percent of Australia’s rapeseed shipments are directed to the EU. It is important to note that, in the EU, Australia’s rapeseeds enjoy a premium of up to AUD 50 per tonne (USD 38) due to the country’s capacity to deliver non-GM rapeseed.