BCA lists its China goals
BCA lists its China goals
Joseph Kerr
November 02, 2006
AUSTRALIA’S business leaders have outlined an ambitious set of goals for the free trade negotiations with China.
Apart from a range of changes that would specifically benefit Australia, 100 chief executives from Australia’s top companies want the FTA to produce more transparency in the Chinese tax and regulatory systems.
They want the negotiations to facilitate freer movement of skilled business workers between the two countries, and eliminate the restrictions on services coming from Australian companies into China.
Writing in a 25-page report on its priorities out of Australia’s free trade negotiations with the growing Asian giant which resume in December the Business Council of Australia has called for a deeper social, political and economic relationship between the two countries.
Top of its list of priorities is a comprehensive reduction in trade barriers between the two countries, covering goods, services and investment.
But the group also wants to see Australian businesses able to compete fairly in China.
It called for Australian companies to be able to establish a presence in China more easily through the relaxation of ownership controls and capital requirements.
