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

COCHLEAR R&D INVESTMENT DRIVES NEW PRODUCTS AND BOOSTS PROFIT AND REVENUE

COCHLEAR (ASX: COH) has boosted its 2017 full year net profit by 18 percent to $223.6 million and has forecast furthe...

WESFARMERS BOOKS BUMPER PROFIT BUT SUPERMARKET WAR HITS COLES' BOTTOM LINE

SUPERMARKET giant Coles has posted its biggest slide in earnings since it was acquired by Wesfarmers (ASX: WES) 10 ye...

TREASURY WINES UNCORKS SWEET $269M PROFIT DESPITE INVENTORY WOES

REVEALING the fruits of its past year of labour, Treasury Wine Estates (ASX: TWE) has posted a 55 per cent increas...

TATTS GROUP POSTS PROFIT AND REVENUE DROP ON FEWER JACKPOTS AND BAD WEATHER FOR RACING

TATTS Group (ASX: TTS) has posted a full year net profit loss of 5.7 percent and a revenue decline of 8.4 per cent as...

Related News

WESFARMERS BOOKS BUMPER PROFIT BUT SUPERMARKET WAR HITS COLES' BOTTOM LINE

SUPERMARKET giant Coles has posted its biggest slide in earnings since it was acquired by Wesfarmers (ASX: WES) 10 ye...

ANALYSTS PREDICT WHAT AUSSIE LIVING IS LIKELY TO BECOME IN THE NEXT CENTURY

AS THE Australian population continues to grow, analysts are predicting what the country is likely to look like wi...

SEVEN WEST REPORTS MASSIVE LOSS AND CUTS CEO TIM WORNER'S PAY PACKET BY $450K

SEVEN West Media (ASX: SWM) has posted a full-year loss of $744.3 million and cut CEO Tim Worner's pay packet by ...

HOW MAKING MISTAKES AND PASSION SCORED WEIGHT LOSS PARTNERS A DEAL WITH SHARK TANK'S JANINE ALLIS

THEY partnered up to provide a scientific and targeted approach to dieting, and Kate Save and Geoff Draper cut Sha...

BOOK YOUR FUNCTION SPACE HERE

 

 

 

Contact us

Email News Update Sign Up Contact Details
Subscriptions

PO Box 2087
Brisbane QLD 4001

LoginTell a FriendSign Up to Newsletter