Australian lawmakers are reviewing a possible compromise proposal that could pave the way for ratifying a bilateral trade deal with China, following months of heated public debate over the impact the agreement could have on domestic workers and whether the necessary safeguards to protect them were in place. The set of proposed amendments, tabled by Labor Party leadership on Tuesday, would specifically make changes to Australia’s Migration Act. The proposed changes would not alter the language of the actual trade deal itself nor the related side letters or Memorandum of Understanding, Labor Party officials say. The Labor Party is currently the opposition in Australia. “We understand there are great benefits in a China free trade agreement for many people,” said Labor Party leader Bill Shorten in unveiling the amendments. “We’re also very committed to making sure that there are no unintended consequences which see Australians miss out on jobs.” Senator Penny Wong, the Shadow Minister for Trade and Investment, affirmed that the Labor Party is not trying to change the deal, but rather “to introduce reasonable complimentary safeguards.” The three amendments proposed would include making sure that Australians are giving a first opportunity to work on investment projects that are...
Theme: GLOBAL ECONOMIC GOVERNANCE
Tags: Regional Trade Agreements (RTAs), Australia, China, Regional Trade Agreements (RTAs)