Free trade deals, page-20

  1. 47,086 Posts.
    Be careful not to get lost in paranoia and xenophobia. Most of this distrust is not so much of the FTA itself but an anti-Abbott rant.

    I'm not sure if you have noticed but our manufacturing has already shrunk to a few niche markets. Not sure how anyone thinks it will revive with or without the FTA.

    And there is wine:

    China is now the world's fastest growing wine consumption market. Australia is China's second largest supplier of bottled wine next to France, supplying 21% of China's imported bottled wine and is worth about US $117 million in 2010 and has around 20% market share.

    The sharp increase in wine imports can be attributed to Consumption tax on White Spirit (rice wine) has risen causing a price increase on spirits. Import duties (bottled wine) dropping from 65% to14% following China's accession to the WTO. Overall wine demand has increased and this has pulled in more imported wine, especially from Australia.

    http://www.australianbusiness.com.au/international-trade/export-markets/china/fuzhou-wine-trade
    Last edited by Hanrahan: 01/09/15
 
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