China set to get 1m Aussie live cattle exports
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AUSTRALIA is set to export 1 million live cattle to China each year in a deal worth over A$1 billion (US$860 million), a senior government minister said yesterday.
“It’s a million cattle, worth A$1 billion. The ink is not dry on the contract though,” Australian Minister Christopher Pyne told Channel Nine.
“It’s a great breakthrough. I mean this is the kind of thing that happens when you have a government that’s focused on economic outcomes.
“So we have a free trade agreement with Japan, free trade agreement with South Korea, working on one with China.”
Trade officials and the Cattle Council of Australia representatives were in Beijing this week sorting out the final details on the deal.
Currently, Australia’s biggest export market for live cattle is Indonesia, which took about 625,000 of the 1.13 million head exported in 2013-14. The new deal will put China as the No. 1 export market for live cattle.
China already buys Australian dairy and beef cows for breeding purposes.
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