Talks fail to persuade Indonesia to back down on cattle cut
Thursday, 22/03/2012
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Indonesia’s trade minister is standing firm on plans for a radical cut to cattle imports from Australia this year.
Australian Trade Minister Craig Emerson and the head of the National Farmers Federation met Indonesia’s trade minister, Gita Wiryawan in Jakarta, yesterday to discuss ways to improve the cattle trade.
This year, Indonesia slashed planned import quotas by about half. Local meat processors say beef prices have risen by 15 per cent as a result.
However, while the quota for this quarter has surged, Gita Wiryawan says there are no plans to raise the overall limit on imports.
Instead, he wants Australian industry to focus on investing in Indonesia.
The Australian Government will spend $20 million in aid over the next six years to help small Indonesian cattle farmers boost their productivity.
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