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The China-Australia FTA is the main news story with Australia expected to gain significant new market access into China after the agreement’s implementation in 2015.
Costa Rica consumers are highly receptive to U.S. food brands and retailers, makes the country ripe for export potential.
Citrus is one of Australia’s foremost horticultural industries and the largest exporter of fresh fruit.
Costa Rica’ production of oranges is expected to decline to 6.0 million boxes (40.824 kg.) during 2014/2015.
Australian policies on agriculture are currently being reviewed by the federal government and a White Paper is set for completion in 2015 in order to provide a new policy platform for the sector.
The Costa Rican government issued and emergency decree to deal with the effects of sharply reduced rainfall during the early months of the current rainy season.
The Australian dairy and dairy products industry is still recovering from drought and the volume of milk production is expected to be around 9.6 million metric tons in 2015.
Australian wheat production for 2014-15 is expected to fall to 24 million tons due to lower than expected rainfall and declining yields.
The Australian federal government is very supportive of biotechnology and has committed considerable long-term funding to research and development.
Drought in major cattle regions in Australia has significantly increased slaughter and production as producers bring forward turnoff, depressing domestic prices but boosting exports.
Australian sugar production is projected to grow to 4.6 million tonnes in 2014-15 with sugar cane acreage up slightly.
Australia is the world's 12th largest economy, with nominal GDP of US$1.4 trillion and one of the highest levels of per capita GDP in the world.