Australia: Australia's Agricultural Competitiveness White Paper

  |   Attaché Report (GAIN)

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Office of Agricultural Affairs, Canberra   |   (011-61-2) 6214 5854

In July 2015, the Australian government released its long-anticipated White Paper, a ‘new policy platform’ for the agricultural sector aiming to increase its overall competitiveness and resilience against seasonal and market fluctuations. The revised approach covers a broad range of areas including competition policy, drought preparedness, R&D, regulatory reform, tax offsets, biosecurity, market access and education and training. Farmers and agribusiness are generally supportive of these measures, some of which were already announced in the Budget or other legislation. The White Paper endorsed changes to foreign investment policies affecting acquisitions of land and agribusinesses, as well as the establishment of a register of foreign investment in these areas. U.S. investors in Australian agricultural land or related businesses will be affected by these new arrangements, although investments below A$1 billion do not need approval. 

Australia: Australia's Agricultural Competitiveness White Paper

East Asia and the Pacific, Australia

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