“There’s a good margin to be made and there’s a good market there looking for premium products.”
The deal also doesn’t circumvent state taxes on wine imports but Mr Battaglene is hopeful relationship building and technical industry co-operation will help parties build mutual agreements.
A protectionist approach from India to its domestic dairy market – the biggest milk producer in the world – has excluded Australia’s dairy industry from the deal. However, the sector is highlighting opportunities to export products the Indian market isn’t already providing such as whey and lactose products.
“It is disappointing that we didn’t get some traction for dairy,” Australian Dairy Industry Council president Rick Gladigau said of the deal.
“We’ll keep working with the Australian Government and the trade negotiators on it.”
Australian Meat Industry Council director Roger Fletcher said the local lamb industry, burdened by 30 per cent tariffs into India, had tried for years to make the deal come to fruition. But he said Australian lamb exporters would now need to build up the Indian market virtually from scratch.
Roger Fletcher says the lamb meat industry has been working for years to gain access to Indian markets but tariffs have been prohibitive. Credit:Luke Hibbard
“It’s a new market, it is new territory and we have to find out customers and work out what the customers want,” Mr Fletcher said, adding he expected weddings and hotels to be the main clients for lamb meat.
“China has been a challenge but it is still our major sheep meat importing country.”
Industry group GrainGrowers chair Brett Hosking said the details of the interim agreement were “a little frustrating” – benefiting Australian lentils, faba beans, canola oils and soybeans but not chickpeas and wheat.
“Having spoken to many growers across the country, we were hoping for a more positive result,” Mr Hosking said.
Tariffs will be eliminated on more than 85 per cent of Australian goods exports to India as part of the deal. The federal government plans for India to be in Australia’s top three export markets by 2035.
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