Soaring agribusiness and other exports to Japan will be detailed today by Malcolm Turnbull in a development that will buoy ­industry and the government, reeling from the massive hit to iron ore revenues. The range of successes will be sufficiently broad to indicate that, despite the iron ore price slump, Australian businesses can build replacement revenue streams. The Prime Minister will reveal at a lunch in Tokyo that the first figures to emerge since the free- trade agreement with Japan came into effect in January show that Australian exporters have been quick off the mark to take advantage of the reduced barriers.

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Topics: AGRICULTURE

Regions: ASIA-PACIFIC

Authors: THE AUSTRALIAN