We can live without China; the proof is in the pudding
Dear Editor,
I have been screaming at the Federal Government that we need to be aggressively marketing out (sic) exports.
Free trade deals aren’t worth two bob. China has spat in the face of the agreement they signed with the Abbott Government.
Economic nationalism trumps economic rationalism.
The VIP markets (Vietnam, Indonesia, Philippines) plus Japan and Thailand have a combined population of 720 million people, which is nearly as big as China. These are the people we should be trading with.
The Australian Newspaper (23/02/2021)[1] reports that coal has added $2B to the bottom line of Australia’s budget, despite China’s blanket ban on our coal.
The article states, the demand from… “established and emerging markets — including Japan, Taiwan, Korea, Vietnam and India — remained strong in the back-end of last year as sales to China plummeted following Beijing’s ban on local coal miners.”
So, there you have it. The VIP markets can deliver for Australia, it’s already happening.
– Bob Katter, Kennedy MP.
[1] https://www.theaustralian.com.au/nation/politics/coal-boom-stokes-2bn-budget-boost/news-story/309a9ea4579daa23368060db4a6da127
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