Galt Global Review

QFS 360

April 22, 2003
business digest


Australian Roundup
by Jim Plouffe

headlines:
Aussie's urged to say no to plastic bags
Labour party keeps NSW
Australia set to double in size
Australia and Singapore Sign Free Trade Agreement

Aussie's urged to say no to plastic bags
The nation-wide Clean Up Australia Day organization declared March as "Bag Yourself a Better Environment" month and is encouraging consumers to find alternatives to plastic bags.

Each year Australians use 6.9 billion plastic bags, the environmental impact of which is staggering. Over 100,000 birds, turtles, whales and other sea mammals are killed each year from plastic waste.

Clean Up Australia Day organizers have enlisted the help of the nation's major retailers and supermarkets in the education and awareness campaign.

So far, over 1800 retail stores and 170 local councils have signed on to the project, including the entire city of Brisbane in Queensland.

To help Australians change their bag habits, participating retailers will set up "plastic bag free" lanes and provide in-store recycling bins.

"We choose to use 6.9 billion plastic bags every year. That's almost one bag per day for each Australian. Then we choose to send 6.67 billion of those bags to landfill, bypassing recycling completely. Another 50-80 million end up as litter," says Ian Klernan, Chairman and Founder of Clean Up Australia.

The campaign aims to reduce plastic bag use by 50 per cent and increase plastic bag recycling by 50 per cent.
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Labour party keeps NSW
The Labour party won a convincing victory in the New South Wales election last week, with Premier Bob Carr returning to office promising to fix the education and health systems.

Carr roared to his third straight victory over the Liberal party led by newcomer John Brogden.

Brogden said although he lost the election he would not change much of the Liberal party's stance on the major issues, adding that Labour swamped his party with an expensive advertising blitz.

The premier's first announcement indicated he would shake up his front bench, hinting that unpopular police minister Michael Costa may be pushed into the transport portfolio.
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Brain tumour patients given hope
A group of Queensland researchers has discovered a new way of treating brain tumours.

The team announced this week that they have developed a trial gene therapy treatment that makes tumours more sensitive to radiation therapy.

Although a cure is still a distant dream, the new treatment may prolong the lives of patients with fatal brain tumours.

The head of the team, Dr. Teong Chuah, said his research could add a year or more to the life of patients.

"This new therapy, which is gene therapy, can potentially prolong a life for more than one year," says Teong.
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Australia and Singapore Sign Free Trade Agreement
Australia signed a free trade agreement with Singapore (SAFTA) last month, the first free trade deal it has brokered in more than 20 years.

The new deal will allow Australia access to Singapore's banking, legal and educational services in Asia while putting Singapore businesses on amore equal footing in Australia.

Singapore expects to save up to S$31.6 million from tariff concessions, a substantial amount for a country reeling in a prolonged recession.

Australia plans to use Singapore as its northern entry into Asia, using the agreement to save on banking and other business costs.

"We believe this Agreement will create opportunities for synergies between the business sectors in Australia and Singapore, and will contribute to a stronger bilateral partnership that will encompass the private sector and the broader community as well as government. SAFTA will help both countries in continuing to play strong roles in contributing to the economic progress of our region," stated the Department of Foreign Affairs and Trade, Australia.

Australia's chief trade negotiator, Stephen Deady, says the treaty is a model for the free trade agreements currently under negotiation with Thailand and the United States.

The last free trade agreement Australia entered was with New Zealand.
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