Strengthening agribusiness ties with Japan
The Japanese Ministry of Agriculture, Forestry and Fisheries (MAFF) has signed a historic Memorandum of Cooperation with the NT Department of Primary Industry and Resources.
The agreement is a commitment to cooperation in research and business development in agriculture and aquaculture in the Northern Territory and supply chain logistics into growing South East Asia markets.
This stronger relationship is being developed with a backdrop of Northern Australia and Japan looking to capitalise on opportunities being created by a rising middle class in South East Asian countries and demand for premium, safe food.
Through this agreement, the Japanese government has recognised the agribusiness potential of northern Australia. MAFF is also discussing similar agreements with Queensland and Western Australia.
In the first two to five years of the agreement, it is expected agriculture and aquaculture projects will commence with a focus on soybean, barramundi and asparagus.
Read the Ministerial media release