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Tuesday, 17 February 1987
Page: 114

(Question No. 4004)


Mr Braithwaite asked the Minister for Trade, upon notice, on 20 May 1986:

What are the government's trade objectives for Australia's top 20 export markets?


Mr Dawkins —The answer to the honourable member's question is as follows:

Australia's top twenty export markets in terms of the value of exports in financial year 1985-86, were:

Country of

destination

Value of

exports

($m)

Japan

9,358.4

USA

3,253.6

New Zealand

1,507.6

China PR

1,498.0

Korea, Rep. of

1,322.0

United Kingdom

1,151.2

Taiwan Province

1,064.1

USSR

969.7

Germany FR

885.8

Singapore

725.8

Hong Kong

722.4

France

710.3

Italy

688.4

Egypt

560.9

Papua New Guinea

558.0

Indonesia

526.5

Malaysia

516.3

Saudi Arabia

493.6

Canada

460.4

Netherlands

432.3

Source: Based on data supplied by ABS, July, 1986.

The Government's overall trade objective for these markets, as it is for all overseas markets, is to advance Australia's trading interests by developing and strengthening Australia's bilateral relations with individual countries through:

(1) establishing a framework and environment to facilitate the development of Australian trade and investment with individual markets, e.g. by trade agreements, trade understandings, joint trade committees and other bilateral arrangements.

(2) maintaining and improving access to markets, e.g. by seeking to encourage import liberalisation, elimination of trade barriers etc.

(3) encouraging all sectors of the Australian exporting community to expand and diversify export markets through the provision of export marketing assistance and facilitation by the Australian Trade Commission e.g. advice on specific opportunities in individual markets.

(4) maintaining a balance of trade opportunities for developing countries and centrally planned economies by providing assistance to their marketing efforts in Australia such as tariff preferences, trade and investment promotion programs etc.

(5) encouraging Australia's trading partners to pursue a more liberal international trading environment.