NEW trading tariffs imposed by the United States on Australian exports have been described as disappointing by the nation’s top-level farming body.
Speaking on Friday, National Farmers Federation CEO Tony Guerin said the 2.5 per cent increase on exports to the US was limiting free trade between the countries.
“Australian agriculture is profoundly disappointed by this announcement,” Mr Guerin said.
“Rather than moving back towards the free and fair trading arrangements that have served both our countries well for two decades, the United States has chosen to further increase barriers to trade, despite Australia’s long-standing record of high standards and responsible trade.
“The increase from 10 per cent to 12.5 per cent adds further challenges for Australian exports, particularly given a number of other economies received a lesser tariff of 10 per cent.
“The NFF has long championed free and fair trade, not just for agriculture but all industries, recognising its role in global economic growth, stability and food security. Australian agriculture is unwavering in its commitment to this.”
The move to increase the import tariffs on almost 95 per cent of goods to the US is being justified by the US executive due to “forced labour” concerns.
While some products, like oil, fertiliser, and some foods are exempt from the import levies, the new 12.5 per cent rate comes after the US Supreme Court struck down a 10 per cent tariff in February.
Mr Guerin said open markets and free trade were in the best interests of Australian farmers.
“Australia’s interests are best served by pursuing open markets, maintaining our reputation as a trusted and responsible trading partner, and continuing to strengthen our trading relationships around the world,” he said.
“While some major agricultural exports appear to remain exempt, including Australian beef, today’s decision is nevertheless a disappointing setback for Australian exporters.
“Australian farmers are among the least subsidised in the world and have built a global reputation for producing high-quality, sustainable and reliable food and fibre.
“We will continue working with Government and industry to ensure Australia’s trade interests are protected and to expand opportunities in markets that value the quality and integrity of Australian agricultural products.”