Industries urge Labor not to kill ChAFTA

The Labor Party is considering opposing a Customs tariff-related Bill that must pass for the ChAFTA to proceed.

Queensland Industries are urging Bill Shorten not to use a backdoor tactic that would kill the new China Australia Free Trade Agreement, according to the Courier Mail (31/07/15). Labor has signalled it wants the FTA changed to protect workers’ rights and safety, but the Government disputes these are under threat.

National Farmers’ Federation president Brent Finlay says that putting a handbrake on market access would cost agricultural export trade up to $300 million and is “jeopardising our reputation as an open trading nation.” The delays mean tariffs will not be reduced for the Australian red meat, dairy, wine and grains industries, and add a further $60 million in costs to the coking coal trade.