FREE TRADE

Robb cautions against losing tariff advantage

roymorgansocial Leave a comment

Original article by Joe Kelly
The Australian – Page: 4 : 19-Feb-25

Former Coalition minister Andrew Robb has weighed into the debate regarding the tariff policies of US President Donald Trump. Robb has used a Sydney University speech to warn that the foundations of the global trading system are facing their "most significant challenge" since the post-World War II era. He notes that the US has traditionally been the strongest advocate of the "three pillars" of globalisation, but these pillars are now under threat. These pillars include the law of comparative advantage, and the former trade minister says Australia must resist "throwing it out the window".

CORPORATES
UNITED STATES. EXECUTIVE OFFICE OF THE PRESIDENT, UNIVERSITY OF SYDNEY

PM wins steel deal from Trump

roymorgansocial Leave a comment

Original article by Phillip Coorey
The Australian Financial Review – Page: 1 & 8 : 10-Jul-17

The Group of 20 summit’s final communique included a commitment to free trade and combating protectionism, although it also featured a clause on tariffs at the request of the US. Meanwhile, Prime Malcolm Turnbull and Finance Minister Mathias Cormann pushed for Australian steel and aluminium to be exempt from proposed US import tariffs in a series of meetings with US officials, including President Donald Trump. Australia has also agreed to finalise free trade agreements with Indonesia and the European Union by the end of 2017 and 2018 respectively.

CORPORATES
GROUP OF TWENTY (G-20), AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET, AUSTRALIA. DEPT OF FINANCE, UNITED STATES. EXECUTIVE OFFICE OF THE PRESIDENT, UNITED STATES. DEPT OF THE TREASURY, UNITED STATES. DEPT OF COMMERCE, AUSTRALIA. DEPT OF FOREIGN AFFAIRS AND TRADE, BLUESCOPE STEEL LIMITED – ASX BSL, STEELSCAPE INCORPORATED, RIO TINTO LIMITED – ASX RIO

Barriers stifle growth, says BHP

roymorgansocial Leave a comment

Original article by Paul Garvey
The Australian – Page: 1 & 2 : 17-Aug-16

BHP Billiton CEO Andrew Mackenzie has stressed the importance of Australia’s trade relationship with China, and warned that global economic growth could be threatened by a growing international push toward protectionism. He has also criticised a proposal by Western Australian National Party leader Brendan Grylls to impose an iron ore levy on BHP and Rio Tinto, arguing that they already make a major contribution to government revenue at state and federal level.

CORPORATES
BHP BILLITON LIMITED – ASX BHP, RIO TINTO LIMITED – ASX RIO, NATIONAL PARTY OF AUSTRALIA, SAMARCO MINERACAO SA, AUSGRID PTY LTD

Trade action pivotal to G20

roymorgansocial Leave a comment

Original article by Annabel Hepworth
The Australian – Page: 21 : 12-Nov-14

BHP Billiton chief executive Andrew Mackenzie is also the chair of the trade taskforce of Business 20 (B20), the body advising the Australian Government on the Group of 20 (G20) leaders’ summit in Brisbane in mid-November 2014. He argues that the G20 goal of additional global GDP growth worth $A2trn-plus relies heavily on increased investment in trade-related infrastructure. G20 nations such as India have pledged tariff reductions. GE Mining CEO and B20 human capital taskforce chair Steve Sargent also wants the leaders to roll out new job creation measures

CORPORATES
GROUP OF TWENTY (G-20), BUSINESS 20 (B20), BHP BILLITON LIMITED – ASX BHP, GE MINING SERVICES HOLDINGS PTY LTD, DELOITTE ACCESS ECONOMICS PTY LTD, RIO TINTO LIMITED – ASX RIO, ORIGIN ENERGY LIMITED – ASX ORG, SANTOS LIMITED – ASX STO, WESFARMERS LIMITED – ASX WES, WORLD TRADE ORGANIZATION