- Trade dance needs new partners on its card | Manning River Times | Taree, NSW
- Water restrictions 'nightmare' revealed as Sydney experts say NSW lacks policy
- Haunting photos that show how this year's Australian blazes have been worse than ever
Trade dance needs new partners on its card | Manning River Times | Taree, NSW
One in five international students in Australia is from China, it's our largest source of tourists and it takes the lion's share of our iron ore. Federal ministers have been doing their best to calm the waters while insisting Australia will hold its ground on important matters to protect its national interests. Prime Minister Scott Morrison is fond of saying Australia never got rich selling things to itself predecessor Malcolm Turnbull said this too, and attributed the saying to former New Zealand leader John Key. Trade is so important to Australian business that during this period where international travel has all but ground to a halt, the government has been playing matchmaker between airlines and primary producers so that planes full of lobster, salmon, lamb and eggs can jet to overseas markets.
Morrison has also joked that any trade minister who stands too long next to an Australian politician will find themselves signing a free trade deal before they know it. Some exporters will be able to divert their products elsewhere if needed but it takes time to establish the relationships and can cost more to rejig supply lines.
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Labor's trade spokeswoman Madeleine King says India and Indonesia are the most obvious markets for Australia to expand into. They're predicted to move into the world's top four economies by - joining China and the US - and are democracies. On education, India is close behind China, with nearly one in five foreign students arriving from the subcontinent. It emerged this week that further top-level talks between Morrison and Indian Prime Minister Narendra Modi will soon be rescheduled for a video conference, although a date is yet to be set.
Morrison was to have gone there in January but postponed while dealing with the bushfire crisis and then coronavirus put an end to international travel. King says it's vital that Australia be in a position to take advantage of the massive growth expected in both India and Indonesia.
Water restrictions 'nightmare' revealed as Sydney experts say NSW lacks policy
But she points out diversification of trade markets can't happen overnight - it takes decades to develop the kind of deep ties needed. There is potential for a quicker expansion in Vietnam and Singapore, where Australia already has pretty strong trading ties, if things with China continue to be tough in the short term. The Discover Engine suggests members based on historical matching data and in a recent University study by QUT which looked at over 40, member connections, this engine has proven to be more successful than standard match algorithms.
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Haunting photos that show how this year's Australian blazes have been worse than ever
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