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So why can New Zealand sign a booming free trade agreement with China and only allow only a max of 25 hectares of rural land to be bought by the Chinese.
So Abbott signs an agreement that allows the Chinese to buy $15 million in rural land no questions ask. They can buy more if they get FIRB approval. They can bring their own labor in. So within a few years the Chinese will own most of the Australian dairy farms. Australia will get nothing out of it except a lot of pollution.
The land will never come back to Australia.
So Abbott signs an ISDS which means that the Chinese can sue us if decisions made buy us harm their businesses. The Labor government won't sign an ISDS
My son is married to a Thai and he can't buy freehold land in Thailand. Australians can't buy freehold land in China or Indonesia so what the hell are you doing `Abbott? Maybe you should immigrate to China. Sorry no point, just wait a couple of years and you won't have to waste money on airfares.
Australia is becoming closer to China than the US.
The US is probably not going to sign a FTA with China like Australia and NZ, the US want to decrease the amount of trade with China and see the rise of China a threat to US supremacy.
I do not like the agreement of letting Chinese to work in Australia and NZ, it is ok to have tourists, but not workers. And they should need visas to visit Australia, no developed countries currently let Chinese visit visa free.
There are also many money laundering activities by corrupt Chinese officials and criminals in Australia.
It's really stupid for any country to sign FTA with China. Especially the agreement on services.
I'm glad that ours has been blocked by massive protests. Thank goodness, ew.
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And they should need visas to visit Australia, no developed countries currently let Chinese visit visa free.
I don't think Australia is gonna let Chinese to travel without visas anytime soon. Taiwan has some of the strictest regulations for Chinese tourists yet we're already so annoyed. Nobody goes to places that are popular among Chinese tourists any more because they're just so scary.
I feel the Aus/China FTA will fall a bit flat in a similar way the USA/Aus FTA has done very little, but it pays to think long term who knows.
They say timing is everyting, the NZ/China FTA was at the tail end of a process where many NZ farms covered to dairy and formed a giant co-op with a long term eye of rapidly increasing demand from Aisa. That said its worth noting dairy is only around 20% of NZ exports not to over play it so the FTA benefits other areas.
A Aus/China FTA would have benefited Australia far more a decade ago imho. What it DOES do is helps prevent tariffs on Australia as emerging Chinese mining companies try and take a bite of the pie, so I think there is real value in that.
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Originally Posted by tilt10
So why can New Zealand sign a booming free trade agreement with China and only allow only a max of 25 hectares of rural land to be bought by the Chinese.
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I have never heard of that restriction, have you got a link?, I remember a few NZ media articles over hyping the Chinese buying up land.
So why can New Zealand sign a booming free trade agreement with China and only allow only a max of 25 hectares of rural land to be bought by the Chinese.
So Abbott signs an agreement that allows the Chinese to buy $15 million in rural land no questions ask. They can buy more if they get FIRB approval. They can bring their own labor in. So within a few years the Chinese will own most of the Australian dairy farms. Australia will get nothing out of it except a lot of pollution.
The land will never come back to Australia.
So Abbott signs an ISDS which means that the Chinese can sue us if decisions made buy us harm their businesses. The Labor government won't sign an ISDS
My son is married to a Thai and he can't buy freehold land in Thailand. Australians can't buy freehold land in China or Indonesia so what the hell are you doing `Abbott? Maybe you should immigrate to China. Sorry no point, just wait a couple of years and you won't have to waste money on airfares.
Look, this agreement means that 90% of Australian exports are freed from tariffs over the next four years. Australia also gets access to the incredibly lucrative Chinese baby formula market and will leave Fonterra lagging behind in the dairy sector.
China is already our biggest trading partner and we do $150 billion in trade with it each year. We'll get cheaper clothes and textiles, a boost to tourism and services, logistics providers and more Chinese investment in Australia.
The government has actually tightened up on the acquisition of rural land and agribusiness. The threshold for FIRB approval for the latter has plummeted from $248 million to $53 million, rural land is now $15 million instead of $248 million.
As for Chinese workers coming over here, the same applies to Australians wanting to work in China, Ramsay Healthcare is already looking at joining ANZ and Lend Lease over there.
Seem like your country's economy is highly dependent on China nowadays. Are you sure it is a good thing to your country?Australia is one of the few developed countries to welcome investment from a developing country. Obviously Australia's ally called the USA do not welcome Chinese investments, Japan and Taiwan as well. It is ok for USA have a FTA with Japan and Australia, but China is like a Cold War rival to the US.
Like Japan, China is buying from Australia because they don't have enough minerals.
As for baby formula, it is a shame for a large country unable to produce good quality formula. In China, people generally think products made in developed countries are better than made in china.
And how many Australians are interested in working in China anyway? Many mexicans want to work in or immigrate to the US but not vice versa. China's wage level is much lower than Australia's. China's economy is large enough to rival the US but it is still a developing country.
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Originally Posted by Samuel,J
Look, this agreement means that 90% of Australian exports are freed from tariffs over the next four years. Australia also gets access to the incredibly lucrative Chinese baby formula market and will leave Fonterra lagging behind in the dairy sector.
China is already our biggest trading partner and we do $150 billion in trade with it each year. We'll get cheaper clothes and textiles, a boost to tourism and services, logistics providers and more Chinese investment in Australia.
The government has actually tightened up on the acquisition of rural land and agribusiness. The threshold for FIRB approval for the latter has plummeted from $248 million to $53 million, rural land is now $15 million instead of $248 million.
As for Chinese workers coming over here, the same applies to Australians wanting to work in China, Ramsay Healthcare is already looking at joining ANZ and Lend Lease over there.
[URL="http://www.hfw.com/China-Australia-Free-Trade-Agreement-an-Australian-perspective-December-2014"]HFW | China-Australia Free Trade Agreement: an Australian perspective, December 2014 | China-Australia Free Trade Agreement: an Australian perspective, December 2014[/URL]
Stupid?
Most countries are just doing that for more money from the Chinese.
And Australia is much less anti-China than Taiwan and the US.
Taiwanese have always been anti-mainland china since the end of world war 2 so it is understandable.
Here's the case of Taiwan's rival in many fields, the Republic of Korea.
Look at South Korea's economy growing well due to large number of mainland chinese visiting south korea and the popularity of Korean wave in China. Also look at Russia, Macao, Hong Kong and Singapore. Tickets are fastly sold out when South Korean pop singers hold concerts in China. Japan could have better economy too if they did not have a bad foreign relations with China. I am not chinese but I have to agree any country who have close economic relations and good foreign relations with china benfit a lot from the money spent by the chinese and generate a lot of economic growth.
For the case of Taiwan, economy will grow by having earning more Mainland chinese money but it will not benefit all taiwanese people. Airlines, hotels, people in the tourism industry will benefit. Agriculture industry in Taiwan suffer due to cheaper imports from china.
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Originally Posted by Greysholic
It's really stupid for any country to sign FTA with China. Especially the agreement on services.
I'm glad that ours has been blocked by massive protests. Thank goodness, ew.
I don't think Australia is gonna let Chinese to travel without visas anytime soon. Taiwan has some of the strictest regulations for Chinese tourists yet we're already so annoyed. Nobody goes to places that are popular among Chinese tourists any more because they're just so scary.
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