Australia’s biggest dairy exporter Murray Goulburn processes approximately 3 billion liters of milk every year, or 30% of Australia’s production. Recently Murray Goulburn stated that the most beneficial thing the Australian government can do for its dairy sector is to learn from New Zealand and form free trade agreements (FTA) with China, Taiwan, Korea, and Japan; that it will be FTAs that will fuel the sector’s capitalization on the surging demand from Asia and not foreign investment. Murray Goulburn sells about 10% of its production to China but claims that the lack of a FTA is hurting Australia’s competitiveness and is denying Australian dairy equal access to key Asian markets.
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