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Australia to Chair G20's Agriculture Market Information System

22 February 2013

AUSTRALIA - Australia has been elected Chair of the G20’s Agricultural Market Information System (AMIS).

Minister for Agriculture, Fisheries and Forestry, Senator Joe Ludwig, said the appointment gave Australia a leading hand in steering dialogue on global food markets.

AMIS was officially launched in 2011 by the G20 to improve data and information sharing for increased transparency in global agricultural markets.

Minister Ludwig said while AMIS was a relatively new initiative it had already proven its effectiveness by strengthening communication channels between member countries during 2012’s wheat and corn price spike.

“Through our participation in AMIS Australia can promote coordinated international policy responses to market conditions,” Minister Ludwig said.

“This will help the development of common strategies to deal with market uncertainty and avoid adverse trade responses.”

Australia is just the third nation to be elected chair of AMIS, following France and the United States. The appointment is for 12 months.

The appointment was made after today’s meeting of AMIS’ policy arm, held in Washington, D.C.

“The Department of Agriculture, Fisheries and Forestry will chair AMIS, on behalf of Australia, from 1 October,” Minister Ludwig said.

The appointment is for twelve months, and underscores the importance Australia places on food security issues.

“Australia takes a comprehensive approach to addressing food security, recognising the importance of emergency assistance, as well as longer term strategies to improve agricultural productivity and to ensure food can move to where it is most needed efficiently,” Minister Ludwig said.

“Australian Government agencies will work together to deliver these outcomes.”

TheCropSite News Desk

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