Australia-Vietnam two-way agricultural market access agreement

Published 2024년 9월 17일

Tridge summary

Australia has secured an agreement 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 aimed at supplying Australian plums to Vietnam and Vietnamese passion fruit to Australia. The trade value of Australian agricultural exports to Vietnam is projected to reach AUD 3.7 billion (USD 2.5 billion) by 2023-24. Negotiations are also underway for the export of Australian blueberries to Vietnam and Vietnamese grapefruit to Australia. The Australian government emphasizes the importance of Vietnam as a diversification market for Australian exporters and is focused on opening up the agricultural sector to create more jobs and better wages for agricultural workers.

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Original content

Source: vietnamplus.vn Ripe passion fruit is harvested at a cooperative farm in Lao Cai. Photo: VNA Australia has made another step forward for its horticulture sector as Canberra announced it has reached an agreement to export plums to Vietnam in the near future, in addition to current peach and nectarine exports. The project is part of a two-way agricultural market access agreement to supply Australian plums to Vietnam and Vietnamese passion fruit to Australia. Australia's agricultural, fishery and forestry exports to Vietnam are set to reach AUD 3.7 billion (about USD 2.5 billion) in 2023-24, with stone fruit trade on the rise, further strengthening Australia's trade relationship with Vietnam - the Oceania nation's sixth-largest export market. The agreement supports the agriculture sector’s goal of becoming a $100 billion (US$67 billion) industry and the Australian horticulture sector’s goal of becoming a $20 billion (US$13.4 billion) industry by 2030. Vietnam and Australia are ...

Source: AgroInfo.vn