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Thursday, 9 June 1994
Page: 1559


Senator CRANE —I give notice that, on the next day of sitting, I shall move:

  That the Senate—

  (a)notes:

    (i)the latest International Wool Secretariat study which shows that China was the world's leading customer for raw wool for the first time in 1993, with demand amounting to about 20 per cent of world production, and

    (ii)that about two-thirds of wool used in China is imported, with Australian supplies accounting for 50 per cent of total imports;

  (b)recognises that Australia produces between 75 and 80 per cent of the world's total tradeable wool;

  (c)acknowledges that forecasts show that raw wool and top imports into China could well increase nearly 60 per cent from 1992 to 2000; and

  (d)calls on the Federal Government to outline what policy steps it intends to take to increase our relatively low share of the Chinese market to take advantage of the positive growth forecasts, particularly with regard to tariff barriers against the import of first stage processed Australian wool into China.