Monday, 19th November 2018
Coalition Government Concludes Free Trade Agreement With Hong Kong
The announcement that Australia and Hong Kong have concluded negotiations on the free trade agreement is good news for Queensland’s beef farmers says Northern-based Queensland Senator Ian Macdonald.
Under the Australia-Hong Kong Free Trade Agreement there has been a permanent lock in zero tariffs on all Australian exports to Hong Kong, which will benefit local beef producers in particular.
“This is particularly significant for the electorate of Kennedy which is the home of many of Australia’s finest pastoralists. That why Frank Beveridge and I welcome this new deal, but I guess as usual, current MP Bob Katter will be dancing to the Union movement’s tune opposing another free trade agreement that helps his constituents,” Senator Macdonald said.
Senator Macdonald said trade was vital to Australia’s economy.
“Australia has always been a trading nation and we believe in supporting our farmers and small and large businesses to develop the highest quality products and services that are in demand, not only in Australia, but around the world,” Senator Macdonald said.
“In 2017-18 we achieved record exports of $401 billion with a trade surplus of $6.3 billion, which is fantastic for Australia.
“The FTA will provide certainty that Australia and Hong Kong will continue to remain open for each other’s business, and that the governments of both economies stand ready to continue supporting the vibrant innovative connections between us.
“The conclusion of Australia-Hong Kong free trade agreement negotiations marks a milestone in our vibrant, long-standing and close trade and investment relationship.”
Senator Macdonald said it was important for the Coalition to stand up for the rights of Australian farmers.
“Our farmers will reap the rewards from the free trade agreement that’s for certain,” Senator Macdonald said.