Abstract
The article analyses the current state of agriculture industry in the Australian Union. It examines the impact of miscellaneous factors, such as natural disasters, climate conditions, the economic consequences of the COVID-19 pandemic, the establishment of regional free trade regimes, as well as the degree of their implementation. The paper reveals the specificity of the entry of Australian agriculture products into the markets of China, South Korea and Japan along with the development of agriculture in Australia and the efforts made by the Australian government and business community to overcome the troubles the industry suffered from in 2018-2020. In the authors’ opinion, the growing tensions in trade and economic relations between the Australian Union and the PRC affect the overall situation of Australian agriculture. In its turn, this incentivizes Canberra to explore new sources of agriculture product sales and expand cooperation with other partners.
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