AUSTRALIA FOREIGN DIRECT INVETSMENT by Student’s Name Code + Course Professor’s Name University Name City, State Date AUSTRALIA FOREIGN DIRECT INVETSMENT FTA - Australia and China The Australia-China trade and economic relations have continued to expand. China boasts of being the current Australia's biggest two-way trading partner valued at $160 billion Australian dollars in 2013-2014. On 17 November 2014, President Xi Jinping and Prime Minister Tony Abbott concluded the negotiations for the countries’ Free Trade Agreement (ChAFTA). FTA between the countries would enhance investment relationship and growing trade in the highly complementary economies. China views Australia as a dependable supplier of quality commodity inputs, resources and agriculture, for its fast growing industrial development. It is also accepted as a safe destination for Chinese tourists and a good China’s partner in foreign education for the Chinese nationals (Australia, & Hutchins, 2005). ChAFTA gives Australia and covers unlimited access to the Chinese Economy and enhances its competitive ability in manufacturing exports, investment, resources and energy, services and agriculture. …show more content…
The average applied tariff rate in Australia is 3.5 per cent and the countries tariff rates varies between 0 to 5 percent. The tariff rates in China are at 9.9 per cent and subject to allowable reduction, as per the ‘free’ agreement, to even zero percent. China’s vast population will form a good market for the produced goods from the foreign company. The community will offer the Australian product a ready market and, therefore, assure it of guaranteed returns. A big local market with real purchasing power forms a better investment opportunity than a large population with lower purchasing
On 27 May 1967 a Federal referendum was held. The 1967 referendum did not give Aboriginal and Torres Strait Islander peoples the right to vote. That right had been legislated for Commonwealth elections in 1962, with the last State to provide Indigenous enfranchisement being Queensland in 1965. Aboriginals and Torres Strait Islanders have had multiple campaigns to try and uphold the same rights as white people. The 1967 referendum was a public vote to determine the public 's opinions of two aspects of the Australian constitution (a written statement which outlines the country 's rules and regulations) that related directly to Indigenous Australians.
Through studying this module i have been further enlightened about the rights of the Aboriginal and Torres Strait Islander people, the way they own and control their cultural heritage, importance of protecting their interests and how they are to be portrayed (in texts, images, or the like). Their right and interest must always be protected and respected. In improving my own knowledge of and engagement with Aboriginal/Torres Strait Islander people that i may work with in future i will take a concentrated effort to develop the right behaviours and attitudes in my workplace to ensure my environment is socially inclusive and culturally safe. I will also ensure that the HR practices in my workplace encourage the recruitment,training,support the
Indeed, by end-June 2011, there were 391 060 Chinese-born people were living in Australia, 51 per cent more than five years earlier. China now has the third largest migrant community in Australia, after the UK and New Zealand, representing 6.5 per cent of Australia’s overseas-born population and 1.8 per cent of its total population. In the year 2011-12, China was the second largest provider of permanent migrants to Australia. Some 185 000 China-born people work in Australia as professionals (24 per cent), technicians and trades workers (14 per cent) and clerical and administrative workers (14 per
Aboriginal and Torres Strait Islanders (ATSI) represent the oldest continuous culture in the world, representing an evolving cultural spectrum inclusive of tradition and contemporary practices (National aboriginal and Torres Strait Islander health plan 2013–2023, 2016). Experts estimate that the number of ATSI people were at more than 770,00 at the time of the invasion in 1788 (Korff, 2016). However, the Population fell to its low of approximately 117,000 people in 1900, a decrease of 84% (Korff, 2016). At present, 3% of Australia’s population identify as Indigenous (Korff, 2016).
This evaluation pays particular attention to Buck’s background and experiences in China. Next, it discusses
Department of the Prime Minister and Cabinet (2012) in White paper pointed out that 21st century is the Asian century. Many Asian countries are growing rapidly and influencing all over the world. This is because, Asia is the most populous in the world so they will produce a large number of goods and services and numerous of goods and services are consumed by them in a few years. Australian economy, society and environment have been already changed in the Asian century. There are many opportunities for Australian economy and society.
April 26, 2016 Dear Prime Minister Justin Trudeau, Lately, First Nations people in Canada have been faced with many issues surrounding their living conditions, rights, and resources. Specifically, in Attawapiskat, a community located in the western Hudson Bay Lowland, they are facing a housing crisis. The housing conditions aren’t liveable, with one house containing 1 family including, immediate and non-immediate family. Families aren’t just living in houses, they are living in used donated trailers. The houses don’t have access to running clean water, or a significant source of heat.
The COAG Agreement is intended to contribute to the following outcomes: creating a seamless national economy, reducing costs incurred by business in complying with unnecessary and inconsistent regulation across jurisdictions; enhancing Australia’s longer-term growth, improving workforce participation and overall labour mobility; and expanding Australia’s productive capacity over the medium-term through competition reform, enabling stronger economic growth.
First and foremost, one must acknowledge the plainly visible fact that the Chinese economy has grown exponentially since the process of integration into the global economic system began. China 's comparative advantages, particularly in the labor sector, has transformed it into the second largest recipient of FDI in the world.1 Over the course of the last 20 years, exports have grown approximately 17.1 percent per year.2 This ultimate result of this investment and trade has been an overall growth rate 8 percent per annum,3 which would have been completely unattainable without the country 's engagement in globalization. Foreign investments have
The Australian Technologies Competition (ATC) was launched in 2011 and provides innovative Australian businesses with national recognition; moreover, semifinalists receive indispensable business mentoring, pitching, business planning, capacity development, in addition to funding. Australian Technologies Competition (ATC) Focuses on Technological Innovations to Solve Real Problems Principally, the focus of this program has been on innovations to solve real problems for various industries. The program also focuses minimising the consumption of natural resources, improving efficiencies and reducing pollution through energy, waste and water; in addition, the program seeks innovations with export potential. ATC - The Process Companies eligible
Driven by the flow of globalization, the People’s Republic of China and the United States of America are just like the Yangtze River and the Columbia River that empty into the Pacific Ocean from different coasts and lastly intersect and compete against each other on the world’s stage. Because of this certain trend, the term “Chimerica” has been coined to describe “the integration process of the North American and Chinese economies” by Ferguson and Schularick (2007). Furthermore, in the article Chimerica: U.S.-China communication for the Twenty-first Centruy, utilizing Chimerica to promote international political relationships between China and America has been regarded as a method to cooperative development and global harmony (Jia et al, p.
Essay # 2: Tax liability on China business operations of Indians China is set to emerge as the worlds largest manufacturing and exporting country. The nation has displayed resilience in spite of the global economic crisis and their GDP has seen a consistent growth. Since November 2001, China has seen a rapid growth in foreign investment and trade with the country joining the World Trade Organization (WTO). The implications of which include reduced tariffs on certain products and phased introduction in market access to several otherwise regulated industries. The sectors that are now open to foreign trade include advertising services, freight forwarding agency services, inspection services, franchising and trade and distribution.
The global financial crisis that started in 2007 and lasted till 2008 led to an economic downturn across the globe. The crisis has indeed changed the global FDI landscape greatly. In 2007, the world’s FDI reached an astounding figure of $4,125 billion but took a plunge to $3, 555 billion in 2008. Outward FDI (OFDI) from developing countries rose from $215 billion in 2006 to $292 billion in 2008 (UNCTAD, 2009). China’s OFDI continued to remain insignificant until 2004 where it starts increasing, shown in Figure 8 (Gugler and Boie, 2008).
Consequently, the Chinese investment has become an attractive for many of the developing countries.
The author argue that China-Africa trade does not improve and sustain the living conditions of African residents, instead is it damaging efforts for Sub-Saharan Africa to improve their development. Lyons and Brown states that the increasing number of imports from China affect local businesses because China import cheap products and sell them at a lower price. Therefore, there is a competition, and this competition lowers the profit margins and income for some trader. As a result of this the African traders lose their businesses as their consumer go for Chinese products. The author also address the benefits of China imports to Africa.