Bill Tatt: Australia Indonesia FTA could be a future game changer

Stock and property: Bill Tatt writes about the Australia-Indonesia FTA, the new four bay truck wash at the Dubbo saleyards and more in this week's column. Photo: File

Stock and property: Bill Tatt writes about the Australia-Indonesia FTA, the new four bay truck wash at the Dubbo saleyards and more in this week's column. Photo: File

Week Ending 10/07/2020

The saying goes as one door closes another one opens.

That may be one of Australia's answers to our lack of on-going trade with mainland China.

On Sunday, July 5 the Free Trade Agreement (FTA) with Indonesia saw the light of day.

This could in the years to come be a game changer for Australian agriculture.

A host of other industries should also notice many trading gains.

Some commodities have had their tariffs reduced to zero while other goods have seen monumental reduction in the amount of impost charged.

Indonesia is one of our closest neighbours and certainly the biggest situated a short boat ride from our northern coastline.

Some analyst suggests that this rapidly growing country in the next 20 to 30 years will be the fourth largest economy in the world.

We should endeavour to develop full and meaningful relations with this burgeoning economy which in due course will help both our nations to prosper.

The Troy complex at Dubbo has opened the new four bay truck wash which will greatly enhance the centres position as one of the main selling centres in the central west.

The new construction is extremely impressive and was as I understand a combination of government and council funding.

In the foreseeable future the old wash bays at the back of the cattle yards will be dismantled and the centre will then enjoy seven washing terminals.

When the old wash is removed agents would like to see in that space some extra cattle delivery pens.

The live cattle export market is bustling ahead with twelve live ship carriers expected to load in the first fortnight of July.

Indonesia is one of our closest neighbours and certainly the biggest situated a short boat ride from our northern coastline.

Bill Tatt

Figures for the live trade for May have been recently released and stand at 108,000 head including 47,480 to Indonesia, Vietnam received 26,100 and China sourced 22,380.

The total live cattle exports for the first five months stand at almost 475,000 head.

These numbers compare favourably with the same period of time in 2017 (329,000) and 2018 (440,400).

Darwin once again has shown that centre to be the premiere departure port with 153,430 head loading from that facility to the end of May.

Townsville followed with 124,000, Portland 80,460, Freemantle followed with 69,340 and Broome filled out the top five with 27,000 head.

Ships loading to all south east Asian destinations are on the rise with the exception of China, which has seen its six ships per month decline to four ships in June.