Subscribe free to our newsletters via your
. Energy News .

Australia-China free trade talks deadlocked: minister
by Staff Writers
Melbourne (AFP) April 18, 2013

Free trade talks between Australia and China are deadlocked over Beijing's insistence on removing investment limits for state-owned enterprises, Trade Minister Craig Emerson said Thursday.

Discussions have been going on for eight years over 18 rounds of talks but the two sides have failed to agree on terms, with Emerson blaming China -- Australia's top trading partner and a country vital to its future prosperity.

He told a forum in Melbourne that Beijing was demanding Australia lift its threshold on reviewing the purchase of assets by foreign states from zero to Aus$1 billion.

"We can't do that, the community would not accept that," Emerson said.

"China is saying, at this stage, non-negotiable, you've got to go from zero to Aus$1 billion (US$1.03 billion)... so that's where we're stuck."

Chinese investment is a sensitive issue in Australia, with telecom firm Huawei banned last year for security reasons from bidding on the nation's broadband rollout.

Rural politicians, meanwhile, have warned against selling valuable farm and mineral land to foreigners. Chinese enterprises often express interest in buying mining and farming land as the nation seeks to secure supply.

The free trade agreement talks cover an array of issues, including agricultural tariffs and quotas, manufactured goods, services, temporary entry of people and foreign investment.

During a visit to Beijing this month, Prime Minister Julia Gillard told her counterpart Li Keqiang the free trade agreement was a "gap" in the relationship that Australia wanted to rectify.


Related Links
Global Trade News

Comment on this article via your Facebook, Yahoo, AOL, Hotmail login.

Share this article via these popular social media networks DiggDigg RedditReddit GoogleGoogle

Memory Foam Mattress Review
Newsletters :: SpaceDaily :: SpaceWar :: TerraDaily :: Energy Daily
XML Feeds :: Space News :: Earth News :: War News :: Solar Energy News

FDI into China gains in first quarter
Beijing (AFP) April 18, 2013
Foreign direct investment (FDI) in China rose marginally in the first quarter, the government announced on Thursday, led by Japanese, EU and US companies after declining last year. Incoming FDI, which excludes financial sectors, rose 1.4 percent from January to March to $29.9 billion, the commerce ministry said. It was also up 5.65 percent at $12.4 billion in March, rising for the second str ... read more

Renewable Energy Won't Stop Climate Change

Is Tunisia the New Hot Spot for Energy Investors?

Jordan scrambles to secure energy resources

ADB report warns on Asian energy

Development of clean energy has 'stalled,' international agency says

Canada: Chinese energy investment welcome

Arguments spill in battle over Canada-US pipeline

India to boost clean energy

U.S. leads in wind installations

Providing Capital and Technology, GE is Farming the Wind in America's Heartland with Enel Green Power

Wind skeptic British minister replaced

Using fluctuating wind power

NREL and Stanford Team up on Peel-and-Stick Solar Cells

Natcore Makes Major Advancements In Black Silicon, Discovers Compelling New Application

Envision Solar Completes Second Solar Tree Array Installation for NREL

Solar becomes single largest source of new grid capacity in the USA

Bulgarian nuclear plant shuts down reactor

Iranian leader steers clear of talking uranium in Niger

GCC states demand IAEA inspections on Iran nuclear plant

EU to probe Bulgaria energy sector

Sweden proposes extending tax breaks for biofuels, green cars

NREL Survey Shows Dramatic Improvement in B100 Biodiesel Quality

Surprising findings on hydrogen production in green algae

Enzymes from horse feces could hold secrets to streamlining biofuel production

Shenzhou's Shadow Crew

Shenzhou 10 sent to launch site

China's Next Women Astronauts

Shenzhou 10 - Next Stop: Jiuquan

Lawrence Livermore scientists discover new materials to capture methane

EU lawmakers reject plan to make polluters pay more

CO2 removal can lower costs of climate protection

Unpredictable weather, not climate change, blamed for U.S. drought

The content herein, unless otherwise known to be public domain, are Copyright 1995-2014 - Space Media Network. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA Portal Reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement,agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. Privacy Statement