Australian sugarcane growers happy with Peru trade deal.

Bundaberg cane farmers are excited following the signing of the Peru-Australia Free Trade Agreement that will initially see 30,000 tonnes of sugar exported from Australia to Peru. PAFTA will eliminate 99.4 percent of tariffs that exporters face into Peru, putting our farmers on equal footing with foreign competitors. Under the agreement, Australian exports of sugar will have immediate tariff-free access. Opening up more markets may help negotiate a better price. Bundaberg Canegrowers chairman said PAFTA announcement was good news after US President Donald Trump withdrew from the negotiations process over the Trans-Pacific Partnership (TPP).