Australia accesses Vietnamese agricultural market

Published 2024년 9월 18일

Tridge summary

Australia has secured a deal to export plums to Vietnam, expanding its horticulture exports beyond peaches and nectarines. This agreement is part of a two-way agricultural market access agreement intended to supply Australian plums to Vietnam while allowing Vietnamese passion fruit to be exported to Australia. The trade is expected to reach AUD3.7 billion between 2023 and 2024, strengthening Australia's trade relationship with Vietnam, its sixth largest export market. Discussions regarding Australian blueberries and Vietnamese grapefruit exports are also underway. The Australian Government welcomes Vietnam as a key diversification market for its exporters and is focusing on opening more opportunities to bolster agricultural sector growth and creation of horticulture industry jobs.

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Original content

Australia has achieved another step forward for its horticulture industry as Canberra recently announced it has reached an agreement to export plums to the Vietnamese market in the near future, in addition to current peach and nectarine exports. The project is part of a two-way agricultural market access agreement aimed at supplying Australian plums to the nation whilst Vietnamese passion fruit head to Australia. Australia’s agro- fishery-forestry exports to the country are set to reach AUD3.7 billion, equal to about US$2.5 billion, in the 2023 to 2024 period. The growing stone fruit trade will help to further strengthen the Australian side’s trade relationship with Vietnam, the Oceania nation’s sixth largest export market. The agreement further supports the agriculture sector’s goal of becoming an AUD100 billion, equal to US$67 billion, industry and the Australian horticulture sector’s target of becoming an AUD20 billion, equivalent to US$13.4 billion, industry by 2030. Both ...

Source: WTOCenter