#Trade

2023 marks 50 years of diplomatic ties between Australia and Vietnam, bolstered by growing two-way agricultural trade and Vietnam's rapid economic growth.

As the world’s fourth biggest economy with 280 million people, Indonesia’s fast-changing income levels, diet, urbanisation and technology adoption offers high-value opportunities for premium Australian fruit, nut and vegetable exports.

A joint effort by the red meat sector and government has delivered sought-after shelf-life extensions for vacuum-packed chilled sheepmeat and beef exports to key markets in the Middle East. However, innovative packaging and freight solutions are still required to extend shelf life of fresh sheepmeat carcase exports – which accounts for the bulk trade to the Middle East – to capture similar value and recover from the COVID-19 induced airfreight capacity crunch.

A combination of rich natural resources, forward-thinking farmers and a fast-growing entrepreneurial community makes Iowa the perfect fit for Australian agritech entrepreneurs looking to develop technologies in the US market.