FTA would benefit Australia
Updated: 2015-09-15 08:47
(China Daily)
|
|||||||||
Sydney Opera House and Bridge in Australia, Nov 11, 2014. [Photo/IC] |
Australians who oppose the China-Australia Free Trade Agreement should look at the larger picture of bilateral trade and the great impact it will have on China-Australia interaction and regional economic integration.
Some in Australia are saying the deal will destroy jobs. According to a Reuters report on Sept 8, Bill Shorten, leader of Australia's center-left opposition Labor Party, has vowed to withhold support for the deal in parliament unless greater protections are introduced for Australian workers. In response, Australian Prime Minister Tony Abbott called opposition to the deal "xenophobic at best, racist at worst" during a parliamentary debate last week.
The deal, signed between the two countries in June, is absolutely a win-win arrangement for both countries.
Estimates indicate it is worth $18 billion, which will certainly boost job creation in Australia.
At a time when both countries face an economic slowdown, the FTA deal will pave the way for bilateral trade to recalibrate from the traditional resource-heavy pattern to an array of new areas such as agriculture, animal husbandry and the service industry.
This will be a blessing for both nations. While Chinese consumers will be able to enjoy cheaper Australian products and services, the FTA will greatly mitigate Australians' concerns over the negative impact of China's economic slowdown on its economy.
Since the pace of regional integration is accelerating in the Asia-Pacific, the China-Australia FTA will help contribute to this healthy trend as well.
Some in Australia really need to adopt a more impartial and objective view of Australia's FTA deal with China. There is no reason to let such a golden chance slip.
- FTA to boost Australia's Chinese wine sales
- Australia's opposition threatens China-Australia FTA
- Australian PM urges opposition to listen to 'decent' people on China-Australia FTA
- China, ASEAN strive to end talks on upgraded FTA
- Time for EU and China to act on an FTA
- China-Australia FTA to create, not take, local jobs
- Premier Li expects progress in China-Fiji FTA feasibility study
- Djokovic beats Federer to win second US Open title
- The world in photos: Sept 7-13
- Hanging in the air: Workers risk life on a suspension bridge
- Top 5 best-selling wearable devices brands
- Photographer captures China's love affair with cellphones
- Americans mark the 14th anniversary of 9/11 attacks
- 7 ways Chinese travelers benefit from the US visa extension
- In pictures: School life from the lens of sports teacher
Most Viewed
Editor's Picks
8 highlights about V-day Parade |
Glimpses of Tibet: Plateaus, people and faith |
Chinese entrepreneurs remain optimistic despite economic downfall |
50th anniversary of Tibet autonomous region |
Tianjin explosions: Deaths, destruction and bravery |
Cinemas enjoy strong first half |
Today's Top News
Kissinger anticipates promising China-US ties
Germany re-imposes border controls to slow migrant arrivals
Thousands flee California wildfire as homes go up in flames
Museum crowds wait six hours to see ancient scroll
Slow growth may spur more support
Over 14,500 Chinese pilgrims in Mecca
Xi's trip to US to 'chart course' for ties
US to accept 10,000 Syrian refugees, says White House
US Weekly
Geared to go |
The place to be |