Australian avocado benefits from trade relationship with India

Published 2024년 7월 17일

Tridge summary

Australian avocado producers are capitalizing on new import conditions and reduced tariffs under the Australia-India Trade and Economic Cooperation Agreement (AI-ECTA) to expand exports to India. This has increased market access and demand, enabling Australian suppliers to sell premium avocados through various channels. The avocado tariff has been cut to 25% and will gradually drop to zero by 2028, giving Australia a competitive edge over other countries. The tariff reduction also positively impacts other fruits like apricots, kiwis, macadamias, blueberries, and cherries.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Australian avocado producers are diversifying exports to India, thanks to the new import conditions agreed between both countries, including the reduction of tariffs established in the Australia-India Trade and Economic Cooperation Agreement (AI-ECTA). Better market access and an increase in demand has meant Australian suppliers can sell premium avocados through multiple channels. "Suddenly, avocados have become hugely popular in India," said Antony Allen, chief executive of The Avolution, in statements reported by the Australian Trade and Investment Commission. Queensland-based Avolution is one of the Australian companies that has taken advantage of the trade deal. It is already a leading exporter of Hass avocados, shipping more than 150 containers a year to Hong Kong, Malaysia, Singapore and the Gulf region. According to Allen, demand for avocados is skyrocketing in India, making it a natural market for expansion. "Right now, Indian consumers consider avocados to be a bit ...

Source: MXfruit