Peter Gutwein

Premier of Tasmania

6 October 2015

Matthew Groom, Minister for State Growth

Trans-Pacific Partnership unlocks enormous potential for Tasmania

The Trans-Pacific Partnership agreement is a fantastic economic win for Tasmanian jobs, removing barriers for our exporters and unlocking potential new markets.

The successful conclusion of this agreement in the United States overnight is a gamechanger for our state, presenting significant opportunities for investment and trade in our key growth sectors, including dairy, beef, seafood, wine, manufactured goods, resources and energy.

This agreement presents unprecedented opportunity for Tasmania to build on an already prosperous relationship with TPP countries. 

In 2014-15 Tasmania’s goods exports to the TPP countries totalled $881 million, representing 34.9% of Tasmania’s total goods export trade ($2.52 billion).

The TPP countries include Tasmania’s 3rd, 4th and 5th largest trading partners: Japan, Malaysia and Vietnam, making it the most significant trade agreement aside from the China Australia Free Trade Agreement (ChAFTA).

Some of the specific wins for Tasmania include;

  • Reduced tariffs on exporting beef to Japan, Tasmania’s 3rd largest trading partner;
  • More market access for our dairy industry;
  • Simplified rules and requirements for several products including wine and spirits, which has the potential to boost Tasmania’s niche premium wine and whiskey sectors;
  • Significant market access outcomes in ship building, advanced manufacturing and our resources sector;
  • Significant opportunities for international education in Vietnam and Malaysia, Tasmania’s fourth and fifth largest trading partners.

The eyes of the world are on Tasmania and we are sending the message we’re open for business. We are already seeing sky high business confidence, record retail spending and a booming construction sector.

We need to capitalise on this momentum to drive investment in our state to create jobs and that’s exactly what this Government is doing.

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