The Coalition has ruled out any major change to its position on a free-trade deal with the US that would allow Australian companies to compete on a global marketplace.
Key points:The Australian Federal Police and Department of Foreign Affairs and Trade have been told the government has no plans to renegotiate its relationship with the United StatesMr Hockey says the Labor government will maintain the free trade agreement with the world’s biggest economy”Labor has always been clear we will not allow any changes to our trade relationship with Washington,” he said.
“I have always said this is a one-sided agreement and will remain that way.”
We will maintain our free trade with Washington.
We will have no further comment on any negotiations.
“Mr Hockey said there would be no further changes to the relationship between the two countries until the negotiations were complete.
He said the Government was focused on the economic issues that affect Australians.”
Australia will continue to make the best use of the trade relationships with our trading partners, which are as diverse as our country,” Mr Hockey said.
The prime minister said the country was working hard to make sure its people were getting ahead, even if that meant moving away from some of the most popular sectors in the economy.”
If we can find the right balance between the importance of our economy and the safety of our citizens, that’s where we will be for the next few years,” Mr Hobart said.
Mr Hockey has said the government would maintain its existing relationship with Australia, which was worth $2.7 billion a year to the country, while the country would negotiate new trade deals with countries such as the US and Canada.
Topics:economics-and-finance,government-and/or-politics,government,government_and-politics-and_parliament,government—state-issues,government.act,coronavirus-and.malaria,united-states,united_states-antarctica,ausThe Commonwealth has been criticised for not fully negotiating the free-trading agreement with Washington in a bid to reduce the risk of the coronavirus.
The US has been working closely with the Australian Government to implement a plan to contain the virus in the Americas, which has seen the coronovirus hit a record 5,726,000 people in 14 countries.
The Federal Government has said it would take no further action on the US deal until a full assessment of the situation is completed.
But it has also ruled out a possible renegotiation of the bilateral free trade deal with Washington, and said it remained committed to free trade in the Asia Pacific region.