Not free trade
DoctorDamage
Our federal trade boys are off to the states again to fix up our negative trade index. A free trip and a couple of cheeseburgers have not done us any favors since we signed it. This to the Australian.
Please send someone else to fight the US on sugar (The Australian, 5/01) Poor old Minister Vaile has had enough. On the "level playing field" of global trade Vaile is now reeling and the score is US 3, Australia -1. Minister Vaile uses the sporting term "win win." Only one game, soccer can achieve close to this fallacy, with a nil all draw. Australia will not even make this mark with our US free trade agreement.
Minister Vaile further erodes voter confidence by blaming a strong Australian dollar and competition from Asia. Well hello! Multinationals have all their products made where it costs the least. Electronic consumer items are put together in China by assemblers being paid 65 cents per hour. We export ores and energy that go towards the make up of consumer products that we then import in enormous quantities. Computers alone make up $19b per annum. This will not change for years!
Just what Minister Vaile and his small retinue of advisors are up against is now being played out in the Abramoff lobbyist scandal in Washington. This threatens to expose the extent of vote buying by special interest groups in the US.
If Minister Vaille hopes to have any influence on the "evergreening" practice by US pharmaceutical makers he is facing one of America's biggest lobbyist groups. This $500b pa industry comprises 50% of the global market and funds 60% of US bio-medical R&D. It is vehemently supportive of evergreening and will work on any weakness to enhance its grip on the Australian market.
Topping this, the US even has a "Buy American Bill! No counterpart exists in Australia. American industry will remain fiercely protective, particularly its agricultural and primary products groups.
Minister Vaile's caution, that the figures are just for one year completely ignores the historical trade deficit and the recent Customs computer fiasco, which now has frustrated importers threatening to sue the government for damages.
The one ray of hope is to invoke the "free trade" escape clause (six months notice) and retire hurt from the field, until it is tilted at somewhat less than 45 degrees.
