Growing trade opportunities in India

9 January, 2015

Parliamentary Secretary to the Minister for Agriculture, Senator Richard Colbeck, will travel to India tomorrow as part of a business delegation to explore trade opportunities and promote Australian agricultural exports.

Senator Colbeck said one of the aims of the 400 strong Australian Business Week in India delegation was to promote Australia's reputation as a safe, clean and sustainable producer of food and agricultural products.

"I will be attending a number of high-level meetings and forums to further this reputation with our Indian trading partners, and will be travelling to New Delhi, Mumbai and Ahmadabad to discuss opportunities for expanding our two-way trade," Senator Colbeck said.

"Importantly I'll not only be promoting our excellent produce but also the Aussie know-how and ingenuity that could help India further develop its own domestic productivity and industries."

Senator Colbeck also stressed that while Australia could not become a 'food bowl' for Asia, significant opportunities did exist for Australian producers and exporters, including for those in his home state Tasmania especially in premium food products and agricultural technology.

"ABARES projects India's demand for agrifood products will be 136 per cent higher in 2050, compared with 2009, driven by strong income and population growth," Senator Colbeck said.

"Producers across the country, including those in Tasmania, can look at how they can develop trade relationships in premium food and beverage including wine, fruit, vegetables, meat and dairy--products for which major growth in demand is expected.

"India's vegetable imports are projected to reach US$47 billion by 2050.

"Fruit imports are projected to reach US$58 billion by 2050, with dairy products US$13 billion and wheat US$15 billion also expected to rise significantly.

"The Australian Government promised to work hard on market access and trade opportunities for our producers--and we're delivering on that promise.

"In addition to delegations like these we've signed three historic trade agreements with some of our biggest trading partners in China, Japan and South Korea as well as improved market access and opened six new livestock export markets for Egypt, Bahrain, Iran, Cambodia, Thailand and Lebanon."

For more information on Australian Business Week in India, visit: austrade.gov.au.

090115 Growing trade opportunities to India
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