Heightened biosecurity measures have been put in place at our ports and offshore as from 1 September 2015, to protect Australia's agriculture sector from the potentially devastating ‘exotic brown marmorated stink bug’.
The Federal Opposition are ignoring the advice of former Labor PM Bob Hawke to support the China FTA in its current form. Mr Hawke, who has close ties to China, is quoted in The Australian newspaper as saying opposing the deal would be "against Australia's best interests".
“Australia’s free trade agreement with China will change Australia for the better, it will change China for the better, and it will change our region and our world for the better,” says Tony Abbott in an opinion feature published in the Courier Mail last week.
In a surprise decision last week, China began sharply devaluing its currency, the RenMinBi. While the plunge paused on Friday, the RMB was still down 4.4 percent against the US dollar for the week, a huge drop for China.
Operations at Hutchison's Port in Brisbane are currently disrupted with staff refusing to work until further notice.
Malaysia Airlines has dropped its daily flights to Brisbane, meaning there will no longer be direct flights between Kuala Lumpur and the Queensland capital. Its last service to Brisbane was on Saturday, August 8.
The Labor Party is considering opposing a Customs tariff-related Bill that must pass for the ChAFTA to proceed.
The state premiers have agreed that GST will be charged on overseas online purchases under $1000 and that they would examine the option of increasing the GST rate in general.
Delays at DOA, and an update on their regulations for vehicles & machinery imports from USA during the ‘Stink Bug Season,’ (September to April).
The China Australia Free Trade Agreement (ChAFTA) was signed in Canberra this week, during a ceremony attended by PM Tony Abbott and China’s Commerce Minister.