Galt Global Review

QFS 360

April 27, 2004
business digest


Australian Roundup
by Esme Friesen

headlines:
New export opportunities with new EU expected
WA Farmers urge government to ratify Kyoto Protocoll
And they're off…


New export opportunities with new EU expected
With Central Europe’s accession to the European Union (EU) just days away, the Australian Trade Commission (Austrade) is preparing for an influx of new export opportunities in the states of Estonia, Latvia, Lithuania, Poland, the Czech Republic, Slovakia, Hungary and Slovenia.

The new expanded Europe, on 1 May 2004, will become the world’s largest trading bloc, with a population of 455 million; larger than the US, Japan and Canada combined. According to Austrade’s Chief Economist, Tim Harcourt, the accession is one of the most significant events seen in Europe for a long time.
“ It is the biggest day since the adoption of the common currency and perhaps the most significant economic integration since West and East Germany joined together after years of Cold War separation,” he said.

“It is also good news for Australian exporters, with a massive new consumer market opening up. There will be opportunities for Australian companies in areas arising through the changes in privatisation, competition and the development of a new, dynamic market-driven economy,” Mr. Harcourt said.

In 2003, the EU was Australia’s second largest destination for exports, accounting for $21.7 billion, and the largest source of imports at $38.3 billion.

WA Farmers urge government to ratify Kyoto Protocol
The Western Australian Farmers Federation (WAFF) has written to the Prime Minister, Hon. John Howard MP, urging his Government to ratify the Kyoto Protocol.

WAFF Land Management and Conservation portfolio holder Garry English said that whilst ratifying the Protocol will not in itself resolve the greenhouse issue, but it will send a strong signal to the world that Australia is committed to making a contribution towards management of this serious problem.

“From an agricultural perspective a warmer climate, lower rainfall and greater evaporation, plus more extreme climatic events such as cyclones, droughts and floods, will have a direct impact. Accompanying this will be higher insurance premiums, the need to change some crop varieties to adapt to new conditions and, in other situations, complete change of enterprise,” he said.

Prime Minister John Howard has said signing the protocol would drive energy industries from Australia.

"That argument doesn't wash with me and it doesn't wash with a lot of people," said Mr. English.

“Interestingly, this action will not cost the government. It is also noted from government statements that Australia is already complying with national emission targets so we have nothing to lose,” said Mr English.

“In fact, this could be a positive way that the Australian Government can offer an incentive for landholders to address environmental issues at the same time as assisting economic diversification and adjustment” he added.

The WAFF will continue to lobby both Federal and State Governments to achieve a favourable outcome on this issue that will position agricultural industries to be better able to manage the impact of climate change and Greenhouse into the future.

And they're off…
The world's biggest bookmaker has teamed up with the Conservation Foundation and the Tasmanian State Government to launch an environmental project with all the excitement of the Grand National. Celebrities from around the world have given their backing by coming on board as 'owners' of the runners to help raise awareness of the project and its aims.

Between now and 5th August 2004, the TSAs' migration will take them from three small islands off Australia's mainland to South Africa. Ladbrokes.com has provided the funding for 18 of the birds to be fitted with the satellite transmitters so their progress can be closely followed by scientists in the first ever study of juvenile TSA migratory movements.

Around 300,000 seabirds die from longlining each year, with many albatross species facing extinction as a direct result. The situation is as serious as the fate dolphins faced from tuna fishing in the 80s before public awareness and pressure brought about a change in fishing techniques.

Ladbrokes.com hope that the project will help capture the imagination of the public and encourage more countries to sign the Agreement for the Conservation of Albatrosses and Petrels (ACAP). ACAP requires signatory states to take specific measures to reduce seabird by-catch from longline fishing and improve the conservation status of the birds. Britain recently signed up to the agreement, but many more countries need to do so if the albatrosses are to be saved.