Scott Morrison clinches win-win free trade deal with Indonesia

Original article by James Massola, Karuni Rompies
The Age – Page: Online : 31-Aug-18

Universities Australia and the Cattle Council of Australia are among the industry groups to welcome the clinching of a free trade agreement between Australia and Indonesia. Prime Minister Scott Morrison says the agreement is a "massive win-win" for both countries. The agreement will see reduced tariffs and improved access for Australian rural producers such as wheat growers and dairy farmers, while Australian universities and health care providers will be able to set up facilities in Indonesia. The majority of Indonesian goods exported to Australia will no longer have tariffs applied to them.

CORPORATES
UNIVERSITIES AUSTRALIA LIMITED, CATTLE COUNCIL OF AUSTRALIA, AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET, AUSTRALIAN CHAMBER OF COMMERCE AND INDUSTRY

Business forced to train locals

Original article by Phillip Coorey
The Australian Financial Review – Page: 1 & 4 : 15-Nov-16

Federal Opposition Leader Bill Shorten will outline plans aimed at ensuring that employers give priority to hiring and training Australian workers rather than using the 457 visa system to fill labour shortages. Data shows that more than 95,000 temporary foreign workers are currently employed on 457 visas in 20 industries. The Opposition has also signalled that it will closely scrutinise any future free trade agreements to ensure that Australian workers are not disadvantaged.

CORPORATES
AUSTRALIAN LABOR PARTY, AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET, TRANS-PACIFIC PARTNERSHIP, ASIA-PACIFIC ECONOMIC CO-OPERATION, ONE NATION PARTY, AUSTRALIAN GREENS

Pressure builds on Labor over ‘dud’ China trade deal

Original article by Primrose Riordan
The Australian Financial Review – Page: 4 : 31-Aug-15

Senator Jacqui Lambie has raised concerns about the China-Australia Free Trade Agreement. The fate of the deal is now uncertain. Growing opposition to the agreement has prompted the National Farmers’ Federation, the Minerals Council of Australia and the Australian Chamber of Commerce & Industry to launch a TV advertising campaign which stresses the benefits of the deal.

CORPORATES
NATIONAL FARMERS’ FEDERATION LIMITED, MINERALS COUNCIL OF AUSTRALIA, AUSTRALIAN CHAMBER OF COMMERCE AND INDUSTRY, AUSTRALIAN LABOR PARTY, AUSTRALIA. DEPT OF FINANCE

More in favour than against the China-Australia Free Trade Agreement. Key issue for Australians with ChAFTA is jobs

Original article by Roy Morgan Research
Morgan Poll Update – Page: Online : 28-Aug-15

A telephone Morgan Poll conducted between 21 and 26 August 2015 has found that a large majority of Australians (78 per cent) are aware of the Free Trade Agreement Australia has negotiated with China. Only 21 per cent are not aware and one per cent cannot say. More Australians believe a Free Trade Agreement with China is a good thing (40 per cent) than not (31 per cent) and a large 29 per cent are undecided. Roy Morgan Research executive chairman Gary Morgan notes that full-time workers are clearly the most in favour of the agreement – 46 per cent say it is a good thing and 31 per cent say it is not. Among those who are either unemployed and looking for work or just do not work, only 18 per cent say the deal is a good thing compared to 40 per cent that say the deal is not a good thing.

CORPORATES
ROY MORGAN RESEARCH LIMITED, LIBERAL PARTY OF AUSTRALIA, AUSTRALIAN LABOR PARTY, AUSTRALIAN GREENS

Stakes high as China FTA cut-off looms

Original article by Lisa Murray
The Australian Financial Review – Page: 9 : 28-Aug-15

Trade Minister Andrew Robb says he and his Chinese counterpart are racing to ratify the free trade agreement (FTA) by December 2015. Robb said he was reassuring Beijing following opposition to the FTA from Australian trade unions and the Australian Labor Party. The starting point is crucial, according to the National Farmers Federation, because the first year of tariff cuts is worth $A300 million to the agriculture industry.

CORPORATES
AUSTRALIA. DEPT OF FOREIGN AFFAIRS AND TRADE, CHINA. MINISTRY OF COMMERCE. DEPT OF FOREIGN TRADE, NATIONAL FARMERS’ FEDERATION LIMITED, AUSTRALIAN LABOR PARTY, FERGUSON AUSTRALIA PTY LTD

Trade engagement push with Japan

Original article by James Eyers
The Australian Financial Review – Page: 21 : 9-Jun-15

Australia’s Assistant Treasurer Josh Frydenberg is visiting Japan with a delegation of financial services industry executives. Frydenberg will address a business lunch on 9 June 2015, and will argue that financial services groups in both nations should capitalise on the Japan-Australia Economic Partnership Agreement. He says the financial services industries in both countries can benefit from each other’s expertise.

CORPORATES
AUSTRALIA. DEPT OF THE TREASURY, FINANCIAL SERVICES COUNCIL, PERPETUAL LIMITED – ASX PPT, MACQUARIE INVESTMENT MANAGEMENT LIMITED, MLC LIMITED, JAPAN. OFFICE OF THE PRIME MINISTER, BANK OF JAPAN, NIKKO ASSET MANAGEMENT GROUP, TYNDALL INVESTMENT MANAGEMENT LIMITED, THE DAI-ICHI MUTUAL LIFE INSURANCE COMPANY LIMITED, TAL LIMITED, MITSUBISHI UFJ FINANCIAL GROUP INCORPORATED, AMP CAPITAL INVESTORS LIMITED, NIPPON LIFE INSURANCE COMPANY LIMITED, NATIONAL AUSTRALIA BANK LIMITED – ASX NAB

Free-trade agreement benefits going to waste

Original article by Sue Neales
The Australian – Page: 20 : 20-Aug-14

HSBC Bank has issued a new study commissioned from the Economist Intelligence Unit, on the impact of the nine free trade agreements (FTAs) Australia has entered into since 2005. The results of the research show that the bilateral deals have been used by a mere 19% of export-focused businesses to boost their trade with the other nations. Among the reasons is the legal complexity of the FTAs, which contributes to widespread ignorance among companies of the available improvements

CORPORATES
HSBC BANK AUSTRALIA LIMITED, ECONOMIST INTELLIGENCE UNIT, EXPORT COUNCIL OF AUSTRALIA LIMITED

Eddington cheers a ‘new wave’ from Japan

Original article by Rick Wallace, Rowan Callick
The Australian – Page: 19 : 31-Jul-14

Prominent Australian businessman Sir Rod Eddington predicts increased investment by Japanese entities, including major trading houses Mitsui, Sumitomo and Mitsubishi, under a new free-trade agreement. He also notes that the services sector will be a major beneficiary in terms of exports to Japan, apart from the more obvious agricultural industry. However Wesfarmers non-executive director and Strategy& chair Vanessa Wallace notes that Australian businesses currently account for under 1% of all foreign companies with operations in Japan

CORPORATES
PRICEWATERHOUSECOOPERS, WESFARMERS LIMITED – ASX WES, COOGEE CHEMICALS PTY LTD, MITSUBISHI CORPORATION, MITSUI AND COMPANY LIMITED, SUMITOMO CORPORATION, AUSTRALIA. DEPT OF FOREIGN AFFAIRS AND TRADE