Australia is a major agricultural producer
and exporter. Around 65% of Australia’s agricultural production is sent
overseas. (Source: DFAT) China is the largest importer of Australian
agricultural products, accounting for around 25% of all Australian agri-food
exports. (Source: ABARES). Australian exports of agri-products grew by 36.9%
between 2016 and 2017 and positive projections continue across all food
products such as beef, pork, and seafood, but also including wheat, barley, cotton
and horticulture, dairy, fruit and nuts, and live animal exports. Cross-border
agriculture investment is also important to both countries. (Also see Food
& Beverages).
Tariffs are quickly reducing under the
China-Australia Free Trade Agreement making Australian agri-products even more
desirable.