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Export subsidy removal right step

Version 2

The ‘Australian Dairy Farmer’ reports that the Word Trade Organisation’s (WTO) agreement to end agricultural subsidies looks to provide a confidence boost as it levels the international playing field for Australian dairy exporters.

Key points:

  • The agreement will drive the phased elimination of $15 billion worth of subsidies, 90% of which support European and North American producers.
  • The global changes will significantly benefit Australian dairy, which will not need to go through the structural changes that many other nations will as Australia removed its agricultural subsidies decades ago.

In the context of Joey’s brand strategy, we anticipate that with a global reputation for high quality dairy products, a growing market for dairy products in developing countries and the phasing in of a level playing field, we expect to build export market share into developing economies for decades to come.