Published By : 08 Sep 2015 | Published By : QYRESEARCH
Driven by xenophobia and racism, there has been an opposition to a landmark free trade deal with China recently, said Australian Prime Minister on Tuesday.
Reported earlier this morning in Sydney, Australia and China had sealed a trade agreement in 2014, which was a much needed expansion between one of the Washington’s closest allies in Asia and the world’s second-largest economy.
Tony Abbott said his political opponents strongly refused on the weaknesses in its labor provisions.
The agreement and deal between a Western country and Beijing opens up the services sector easing the limitations on the Chinese investment in resource-rich Australia. The deal also opens up the Chinese markets to Australian farm exporters.
Labor Party’s leader of the center-left opposition, Bill Shorten, pledged to hold the support for the deal in parliament. The pledge is until there are greater protections introduced for Australian workers. Due to this Shorten is only at his odds with the Labor Party leaders, who themselves have pledged to support the deal. This was however conducted despite ratcheting up several political pressures by jeopardizing the ostracized government’s signature policy deals.
Abbott addressed the deal ‘xenophobic’ at best, racist at worst in a debate in parliament.
Shorten proposed that changes would maximize the job opportunities for Australians, ensure safety on work sites, and protect overseas workers from exploitation.
China is Australia’s leading partner, with around AUS$150 billion (US$130 billion) in 2013. Once the agreement is implemented, around 95% of all exports from Australia will enjoy duty-free entry into China.
Australia needs help from China to undergo the transition from expanding its agricultural exports, food, exports of minerals such as iron ore and coal to accomplishing a growing Asian middle class.
The increasing anxiety over the sloping manufacturing sector in Australia and tailing off a mining boom has stoked fears that the deal would do little for struggling Australian workers.