Trade Situation Of Australian Textile Industry In Australia

　　 Australia's trade surplus of 3 billion 100 million Australian dollars in August exceeded expectations.

According to the latest Australian Bureau of statistics, Australia August Trade The surplus reached 3 billion 100 million Australian dollars, far exceeding the 2 billion Australian dollar expected by economists, and the trade surplus in July was 1 billion 800 million Australian dollars. 2/3's Australian goods and services are exported to Asia, China accounts for 26%, the EU market is 7%, and the United States is less than 4%.

It is reported that Australia's foreign trade terms are the highest level in 140 years, and foreign exchange earning is equivalent to 12% to 15% of the annual GDP. It has laid a solid financial foundation for mining investment and national economic development.

　 The National Textile Association urged "no" to vote on the Korean FTA.

The National Textile Association (NTA) joins the US. fibre The manufacturers' Association (AFMA), the United States Manufacturing Trade Action Alliance (AMTAC), the National Textile Organization Committee (NCTO), and the American industrial textiles (USIFI) Research Institute urged the government to say no to the US South Korea Free Trade Agreement (KORUS). The agreement was submitted to Parliament in October 3rd, and the house and Senate are expected to vote in October 12th.

　 There are three main reasons why the US textile industry strongly opposes the Korea US agreement.

The agreement is conceptually flawed, and the terms of the agreement are not conducive to the development of key industries, such as Spin In the industry, textile and clothing regulations in the agreement can not be fully implemented.

7 years after the implementation of the textile industry worries caused by the agreement, these problems will lead to 40000 jobs lost in the United States.

If Congress seriously considers creating employment opportunities, then through trade law enforcement measures, such as the stalemate anti manipulation monetary law, it will be more targeted to strengthen the US "buy American" law and eliminate the trade distortions caused by the foreign border adjustment tax.