Defend existing access to global markets and remove remaining barriers to imports of Australian red meat and livestock. Complete trade liberalisation will increase the value of Australian red meat exports by an estimated $5.5 billion over the next 15 years.
Trade barriers have been systematically reduced or removed in important markets, especially in the United States and also in Asia. Attempts to impose new barriers have been successfully defended in many trade destinations.
The $50.5 million invested by the Market Access program will result in a benefit of $416 million accruing over 23 years from 1998: a benefit-cost ratio of 8:1 in net
present value terms and an internal return rate of 40 per cent.