7.Is there anything controversial in there? Yes. Not only has the Abbott government left key agricultural products out of the agreement, it has also made it easier for Chinese businesses to import Chinese labour to work on China-led projects. The government says it will only allow that to happen if China cant find Australian workers to fill those roles, but unions are sceptical. The government has also included a controversial clause in the deal that will allow Chinese corporations to sue the Australian government if the government introduces laws or regulations that damage the profits (or future profits) of Chinese companies. Dr Kyla Tienhaara, from the Regulatory Institutions Network at the Australian National University, says Australia will have to revisit its trade agreement with Japan now, because that deal stipulated that if such a clause was included in an FTA with China then it would like to have one too. Ms Tienhaara says it also means Australia will almost certainly have to include a similar clause in its Trans-Pacific Partnership agreement with the US. There are ripple effects to all of these things. Leaving rice and sugar out of it especially rice for a country whos staple diet is rice proves how desperate they were to remove the tariff on mining resources to get it through !. A hack job that benefits nobody but their bosses. In the process they can claim ownership over all the public assets the government will knock off for the lowest possible price. We have a small hemp growing industry here. Why couldnt that have been included in this ? This could have helped it explode and boost the economy. Hemp is useful than just fabrics. Hemp is good for food, plastics and building materials for one. The Japanese trade agreement is the same. They left the rice industry out of that too. They have slipped into a recession which is very sad because they make very good products. Im not sure now how this is going to benefit Australia. What is clear though is removing a tariff so they get a better price will do nothing to China stop buying their garbage resources in the first place. There is no clause to force them to keep buying from us. Their only customer has no obligations other than removing a tariff. What kind of business relies on one customer seriously. Isnt this business 101 ? China is simply slowing down on coal. They are importing gas from Russia. Looking to India wont save them either. Coal certainly is not on their agenda only. The miners are finished full stop. The miners are losing their grip. They are the Australian mafia equivalent of the mafia in southern Italy and Ive seen what damage they have done there economically and socially. Complete parasites. DR
Posted on: Wed, 19 Nov 2014 02:30:08 +0000
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