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Foreign investment, free trade and Australian agribusiness and food

Foreign investment, free trade and Australian agribusiness and food. Chris Stamford, Assistant General Manager - Investment. Agribusiness and food at a glance (FY 2013). Discretionary food demand is growing rapidly. Europe. Global middle-class consumers: 2009 vs 2030 forecast.

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Foreign investment, free trade and Australian agribusiness and food

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  1. Foreign investment, free trade and Australian agribusiness and food Chris Stamford, Assistant General Manager - Investment

  2. Agribusiness and food at a glance (FY 2013)

  3. Discretionary food demand is growing rapidly Europe Global middle-class consumers: 2009 vs 2030 forecast. 2009: 664 m 2030: 680 m North America 2009: 338 m 2030: 322 m Asia Pacific 2009: 525 m 2030: 3228 m Central and South America 2009: 181 m 2030: 313 m 2009: 137 m 2030: 341 m Middle East and Africa 2009 2030

  4. Seizing the opportunity • According to ANZ’s “Greener Pastures” report, by 2050 Australian agribusiness and food needs: • $600 billion need to maintain current share of global output • A further $400 billion to support generational transition on farms. The sector needs investment (from both domestic and foreign sources) that: • boosts productivity; • advances research and development; • improves the efficiency of transport and processing infrastructure; • maximises the sustainable use of our resources; • facilitates access to global supply chains; and • builds our national brand.

  5. Agribusiness and food policy A national investment priority Recent release of Northern Australia White Paper Upcoming Agricultural Competitiveness White Paper Network of Free Trade Agreements Reforming FIRB

  6. Australia’s advantages World-class farm R&D and innovation Large export-orientated industries Sophisticated, multicultural test market Reputation for safe, high-quality produce Stable, reliable and counterseasonal supply Diverse climates and growing conditions

  7. Global interest Recent examples: Dutch Mill (Thailand) building a dairy portfolio in TAS and VIC Ferrero (Italy) establishing a $70 million hazelnut plantation in NSW First Pacific (Hong Kong) and Wilmar International’s (Singapore) $1.3 billion acquisition of Goodman Fielder, to leverage brand and distribution channels Mitsubishi Corporation (Japan) opening an advanced multi-million dollar hydroponics facility in VIC, the first of its kind outside of Asia PepsiCo (USA) entering new research partnerships with QLD institutions Shanghai Zhongfu (China) investing $700 million in sugar and horticultural crops in the Ord River WA

  8. FTAs – What They Do Help Australian business penetrate more deeply into key export markets FTAs improve our competitive position Encourage the foreign investment needed to seize our advantages, create jobs and build prosperity

  9. Leading markets for Australia $266.4b combined 62%OF AUSTRALIA'S MERCHANDISE EXPORTS 40%OF AUSTRALIA'S TOTAL TRADE 19%OF AUSTRALIA'S SERVICE EXPORTS ABS 2013-14 trade data

  10. Significant sources of investment and services trade Short term visitor arrivals More than 1.2 million* Combined direct investment into Australia $86 billion $629 billion International student enrolments More than 180,000** Korea - $1.9b Japan - $63.2b *Department of Immigration and Border Protection data (2014) ** Australian Education International data (2014) Investment data, ABS 2013 China - $20.8b

  11. ChAFTA – a landmark agreement

  12. FTAs – What They Don’t Do Forex Non-Tariff Barriers Ease of doing business Demand Free Trade Agreements FX Non-Tariff Barriers Demand Ease of doing business

  13. How Austrade can help

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