Australia and China have a deep and positive agricultural relationship, from beef and milk to peaches and plums. In the four years since the entry into force of the China-Australia Free Trade Agreement, or ChAFTA, access for Australian agricultural goods to China has expanded greatly.
This expansion has been spread across nearly all commodities. Australia's beef and veal exports to China have more than doubled -- valued at $1.75 billion last year. Dairy has enjoyed similar growth, with Chinese consumers now eating and drinking their way through about $1.24 billion of Australian dairy each year. And our wool producers send about three-quarters of their output to China.
