Free trade opens market

Written on the 10 March 2009

 

THE recent South East Asian free trade deal will give Australia greater access to the world’s third largest global market and Queensland’s wine, beef, dairy and horticulture industries are set to reap the benefits.
But fully comprehensive bilateral agreements will still remain a ‘Holy Grail’ for some industries.
The ASEAN-Australia-New Zealand Free Trade Agreement (AANZFTA) signing in Thailand has been welcomed by Queensland business, but the Chamber of Commerce and Industry Queensland (CCIQ) has called for non-exclusionist bilateral agreements.
CCIQ president Beatrice Booth says the agreement is not comprehensive and inclusive for all industry, but while some of the benefits will be watered down it is still a positive step overall.
“The 10 members that make up the Association of South East Asian Nations have an estimated combined GDP of $3.2 trillion - this opens the door for many Queensland businesses,” says Booth.
“Significant opportunities exist for Queensland under AANZFTA in the mineral, agribusiness, pharmaceutical products, chemicals, education and financial services sectors. Queensland’s wine, beef, dairy and horticulture industries should specifically realise benefits from the agreement.”
The deal comes as other nations and potential competitors, including the EU and China, have already signed or are negotiating free trade deals with ASEAN.

Latest News

1700 BRISBANE APARTMENTS NOW MANAGED BY FORTUNE 500 COMPANY JLL

MULTINATIONAL and Fortune 500 company JLL (NYSE: JLL) has expanded its Australian dominance in the property managemen...

HARVEY NORMAN HITS OUT AT 'FALSE NEWS' OF ASIC INVESTIGATION

RETAIL giant Harvey Norman (ASX: HVN) has vehemently rejected reports its accounts are under investigation by ASIC, s...

RARE GOOD NEWS FOR SLATER AND GORDON AS ASIC CLOSES INVESTIGATION

ASIC has cleared Slater and Gordon of deliberately falsifying its accounts after a three-month investigation.

It s...

Q & A WITH FACEBOOK GURU ANDY MCKEON AS HE JOINS AUSTRALIAN SOFTWARE COMPANY LIVETILES

HE was creative director at Apple under the legendary Steve Jobs, and is now a senior Facebook executive. In his n...

Related News

RAY OF HOPE FOR SLATER AND GORDON AS LENDERS STEP IN

EMBATTLED law firm Slater and Gordon (ASX: SGH) has announced to the ASX that it has launched confidential discussion...

SPROUTX PROVIDES THE SEED FOR AGTECH STARTUPS

AGTECH innovation fund SproutX has opened applications for its first accelerator round, backed by $10 million from...

GAS PRICES MAY FORCE BRICKWORKS TO TAKE MANUFACTURING OVERSEAS

BRICKWORKS Limited (ASX:BKW) chairman Robert Millner says soaring energy prices may force the company to turn to offs...

CHINA CONTINUES TO COLLECT AUSSIE PROPERTY ASSETS

CHINESE coin continues to dominate Australia's offshore real estate investment market, accounting for almost h...

EVENTS COMING UP

 

Contact us

Email News Update Sign Up Contact Details
Subscriptions

PO Box 2087
Brisbane QLD 4001

LoginTell a FriendSign Up to Newsletter