Scott Morrison is keen to promote the trade pact he has agreed to enter into with 15 other Asia-Pacific nations.
Apparently it is going to be very good for Australia!
BLOG COMMENTS POWERED BY DISQUSKnown as the regional comprehensive economic partnership (RCEP), the trade deal includes China and Japan and covers almost one-third of the world’s economy. It will open up new opportunities for trade in telecommunications and financial services, said The Prime Minister, while making adjustments to customs procedures and technical standards would make business run more smoothly across the region.
China is Australia's largest trading partner in terms of both imports and exports. Australia is China's sixth largest trading partner; it is China's fifth biggest supplier of imports and its tenth biggest customer for exports. Twenty-five per cent of Australia's manufactured imports come from China; 13% of its exports are thermal coal to China.
Well, cutting through the politic speak, one commenter on Pickering Post, lg, had this to say on the subject:
“Well, amid all the doom and gloom, and ‘hell in a handbasket’ etc. the good news is that Scomo, after battling long and hard, has brought off a regional trade deal.
Now products from Chinese owned Aussie farms and processing facilities, being shipped to China via Chinese owned ports and freight companies won’t attract import tariffs into China . . . Whoopee!
In return, electronics, white-goods, cars etc. manufactured in China won’t be subject to Australian import tariffs. And while Australian governments, at all levels, concentrate on important matters – asset ‘fire sales’, gender issues, climate emergencies, windmills, solar farms, injecting rooms, proper pronoun use, eradication of patriarchy, multiculturalism, etc.
The Chinese will use their Aussie dollars windfall from Scomo’s great trade deal to buy up even more Aussie homes, commercial properties and choice agricultural land. To cap it all off the ‘lesser’ Asian signatories to Scomo’s deal will send tradies to man Australia’s dwindling manufacturing and service enterprises, thus relieving Aussie tradies of the burden of finding jobs.
Meanwhile, the Reserve Bank’s economics experts will ensure economic growth by the tried and tested method of reducing interest rates by a quarter of one per cent every so often.
There are more ways of gaining a colony than by military conquest!
The wily Chinese didn’t just see Scomo coming – they sent a car and reception committee. “
Somehow, put like that, I suddenly feel quite depressed……
