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Free Trade Agreements Printing Industries is researching the impact of free trade agreements on the industry. The research will form the basis of representations to the Australian Government on whether the proposed agreements with China and Malaysia are in the best interests of the Australian printing industry. The government intends to complete its feasibility study into the agreement with China by is to be completed by the end of March 2005.
Australia currently has Free Trade Agreements with New Zealand, Thailand and Singapore, while one with the United States of America will come into force on 1 January 2005. Research so far has identified a $60 million trade deficit exists with China and more than a $6 million trade deficit with Malaysia. Products likely to face increased competition under an agreement with China include
A Malaysian agreement could affect:
Printing Industries National Director, Philip Andersen, said that it could be argued the overall economic impact of free trade agreements would be beneficial to the Australian economy generally, however it was likely some sectors may be worse off. "The Australian Government's own economic modeling for the USA agreement showed a marginal negative impact on the paper, paper products, printing and publishing industry despite an expected positive impact overall for the Australian economy," he said. "That's why it's important to get industry feedback early from companies that may be affected. We must ensure government is fully aware of the effects and costs to its own industries before it begins negotiations on these agreements." Printing Industries has drafted a series of questions on the potential impact to the industry and has made background material available (see below) to assist companies in their deliberations. Printing Industries members wishing to discuss these issues should contact either Philip Andersen - National Policy Director philip@printnet.com.au or Hagop Tchamkertenian - Manager, Industry and Commercial Policy hagop@printnet.com.au on (02) 8789 7300.
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