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The Bar For non Automotive Related Chat |
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#1 | ||
Call me dirt... Joe Dirt
Join Date: May 2009
Location: Back in Perth for good
Posts: 5,302
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Australia has just signed a new Free Trade Agreement with Japan.
http://www.perthnow.com.au/business/...-1226877786953 I'm not sure how I feel about it yet; electrical and automotive goods set to get cheaper and could be good for our Farmers? But what about our Local Manufacturing?? Your thoughts?
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#2 | ||
Virtuous Bogan (TM)
![]() Join Date: Jan 2005
Location: TAS
Posts: 27,557
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Which sector of manufacturing?
Food services might get busier, they employee manufacturing I guess. That new Honda Civic Type R looks like a little beast.
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#3 | ||
Critical Thinker
Join Date: Jan 2005
Location: Adelaide
Posts: 20,320
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Question is how long will it take for the savings to be passed onto the consumer? Something tells me not as fast as cost increase would be.
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"the greatest trick the devil pulled, is convincing the world he doesn't exist" 2022 Mazda CX5 GTSP Turbo 2018 Hyundai Santa Fe Highlander 1967 XR FALCON 500 Cars previously owned: 2021 Subaru Outback Sport 2018 Subaru XV-S 2012 Subaru Forester X 2007 Subaru Liberty GT 2001 AU2 75th Anniversary Futura 2001 Subaru GX wagon 1991 EB XR8 1977 XC Fairmont 1990 EA S Pak 1984 XE S Pak 1982 ZJ Fairlane 1983 XE Fairmont 1989 EA Falcon 1984 Datsun Bluebird Wagon 1975 Honda Civic |
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#4 | ||
Wirlankarra yanama
Join Date: May 2006
Location: God's Country
Posts: 2,103
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IMO, the Australian economy is now focused on livestock, agriculture, some high tech industries, education, and an increasingly automated mining industry. The FTA should help these areas. Throw in financial services and government (which is more a burden than asset) and that's it. Manufacturing is virtually gone or soon will be. Tourism is stuffed with the high dollar and green policies which simply lock up our natural assets away from everyone - ever wanted to go offroad 4x4 driving in a State/National Park...
The real issue is rapidly aging population, ever increasing health care costs and now having the equivalent of every 2 working people supporting one person on some form of social security (it used to be 5 working people supporting 1 person). Hopefully the benefits of the FTA will flow on very soon to abate this issue otherwise we're sunk. |
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#5 | ||
Wirlankarra yanama
Join Date: May 2006
Location: God's Country
Posts: 2,103
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Reading details of the FTA indicates benefits can be measured in glacial terms. It will take years and years for benefits to be realised. It is better than nothing but not by much. Anyone who knows how the Japs behave wouldn't be surprised.
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#6 | |||
FF.Com.Au Hardcore
Join Date: Jan 2005
Location: Perth WA
Posts: 1,204
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Quote:
I think your fairly spot on there except for tourism, it's not doing to badly despite the AUD - http://www.tra.gov.au/publications/f...ring_2013.html Around 6% growth forecast and recent growth is the best in 13 years - http://www.abc.net.au/news/2014-04-0...n-13-y/5372672 A FTA with a physically small, high population developed nation such as Japan is a good fit for Australia's strong points as you mentioned above, livestock, agriculture and mining. |
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#7 | ||
FF.Com.Au Hardcore
Join Date: Feb 2011
Location: On The Footplate.
Posts: 5,086
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Yep, a very good fit...we can do things they can't, they can do things we can't.
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