Australian trade negotiators will push China to match dairy trade concessions made to the United States in a landmark trade deal, as Australia’s $4 billion dairy industry looks to ram itself into the world’s largest market.
As part of phase one of its trade deal with the China, the US secured relaxed inspection, licensing and technical regulations on dairy products in what analysts have described as one of the more substantial concessions of the negotiations between the two superpowers.
The same regulations have hampered Australian dairy exporters. In June up to $1 billion was wiped from shares in a2 Milk after China announced tougher restrictions on importing baby milk formula in a bid to bolster its local market.
Yun Jiang, co-editor of China Neican and a former federal public servant, said it appeared unlikely the same treatment will be extended to products from other countries given the clauses specifically refer to US regulators and “Australia may be adversely affected by this trade deal”.