Vietnam and Australia reach bilateral agricultural trade agreement

Published 2024년 9월 18일

Tridge summary

A project aims to trade Australian plums for Vietnamese passion fruit between Australia and Vietnam, as part of a two-way agricultural market access agreement. In 2023-2024, Australia's exports to Vietnam reached A$3.7 billion, with a growing fruit and nut trade. The countries are also discussing the export of Australian blueberries to Vietnam and Vietnamese pomelo to Australia. The Australian government stresses Vietnam's importance as a market for Australian exporters and highlights that the trade relationship supports Australia's Southeast Asia Economic Strategy to 2040. The trade promotion is seen as beneficial for the stone fruit industry and is set to provide more jobs and improve income for Australian agricultural workers.

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Original content

The project is part of a two-way agricultural market access agreement and aims to supply Australian plums to Vietnam and Vietnamese passion fruit to Australia. In 2023-2024, Australia's exports of agricultural, fishery and forestry products to Vietnam reached A$3.7 billion (about US$2.5 billion), with increasing fruit and nut trade activities, further strengthening the trade relationship between Vietnam and Australia. Currently, Vietnam and Australia are negotiating on issues such as the export of Australian blueberries to Vietnam and the export of Vietnamese pomelo to Australia. The Australian side stressed that Vietnam is an important market for Australian exporters and is at the core of Australia's Southeast Asia Economic Strategy to 2040. Minister for Agriculture, Fisheries and Forestry Julie Collins said that entering this new market is an important milestone for the stone fruit industry and Australia's trade relationship with Vietnam. Promoting mutual market access reflects ...

Source: Foodmate