Note: Where available, the PDF/Word icon below is provided to view the complete and fully formatted document
McVeigh blames government for Korean steel loss



Download PDFDownload PDF

P A R L I A M E N T O F A U S T R A L I A

H O U S E O F R E P R E S E N T A T I V E S

MEDIA RELEASE 28 APRIL 1985

OPPOSITION SPOKESMAN ON TRADE HON. TOM MCVEIGH

MCVEIGH BLAMES GOVERNMENT FOR KOREAN STEEL LOSS .

27.

Opposition Spokesman on Trade, Mr. Tom McVeigh, said he will watch with great interest the Minister for Trade's visit to Korea (from' 29 April to 2 May), to see if it would address the largely self- . inflicted problems in Australia's trading position with Korea.

Mr.. McVeigh said that he had,warned several months ago of retaliation from Korea for what the Koreans saw as a premature removal of Korea's developing country preference status. He said the resulting situation appears to be having a damaging effect on Australia's exports to Korea. „ -

Mr. McVeigh said it is clear that our iron ore market in Korea has been severely eroded. Five years ago Australian iron ore producers supplied around 60 percent of Korea's needs. Today the figure stands at 40 percent. - . >

The loss of market share has been due, in part, to irresponsible and damaging behavior of the trade union movement in Australia. It is a problem which has similarly affected our coking coal exports to Korea. - ■

The Hawke Government, having done nothing to recover our lost beef market,.is now sending the Trade Minister and a plane -load of officials to preside over the loss of our iron ore market share.

Mr. McVeigh said that it is rumoured that an Indian iron ore producer will gain extra contracts to supply Pohang Iron and.Steel Co. (POSdO) worth up to $US 1 billion.

Mr. McVeigh said the electorate has become justifiably cynical about the Labor Government's rhetoric on trade matters. "The Trade Minister will be judged solely on the outcome of these talks and not any belated good intentions."

"The Labor Government has- inflicted these trading wounds on itself by its failure to control the union movement which has damaged our reputation for reliability."

CONTACT--— TOM MCVEIGH 076-308211