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Wednesday, 29 August 1973
Page: 616


Mr Garland asked the Minister representing the Minister for Primary Industry, upon notice:

(1)   Did the Minister state, as reported, that a wool mission from China had placed an initial order with the Australian Wool Corporation for about 1,000 bales of merino wool valued at $500,000, and that this was an important breakthrough in respect of trade between China and Australia.

(2)   Have much larger sales of wool to China been made privately.

(3)   Have sales of about 10 times as much been made to Taiwan.

(4)   Is this sale to China a transaction which undersells the established market; if not, why not.


Dr Patterson - The Minister for Primary Industry has provided the following answer to the honourable member's question:

(1)   I did issue a statement welcoming the purchase of wool from the Australian Wool Corporation by the Chinese wool mission which recently visited Australia. My comments differed somewhat from the words cited in the question but I expressed the hope that further business would be written between the Australian Wool Corporation and the China National Textiles Import and Export Corporation.

(2)   I have no knowledge of any individual sales of wool made to China by private firms. The total exports of wool from Australia to China in recent years have been as follows:

 

(3)   Total exports of wool from Australia to Taiwan in recent years have been as follows:

 

(4)   On the basis of advice from the Australian Wool Corporation I understand that the transaction it concluded with the Chinese wool mission was made at the then ruling market values for the types of wool involved.







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