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Australia: Govt Wants Tariff Reduction in Trade Deals
Source: http://www.skynews.com.au
Source Date: Thursday, July 13, 2017
Focus: Institution and HR Management
Country: Australia
Created: Jul 14, 2017

Federal Trade minister Steve Ciobo has told Sky News the government will focus on tariff reduction when negotiating trade deals with other nations.

Prime Minister Malcolm Turnbull has spent the week in Europe and had agreed to finalise trade deals with Indonesia, the EU and Britain.

Its sparked calls for answers as to what Australia will get out of these deals and if it will mean more foreign workers will be allowed into the country.

MrCiobo says negotiations with the EU will focus on lowerin tariffs for Australian exports.

'Europe like Australia is a highly developed economy and so the fact is we are already competitive in a variety of areas; the in roads for Australia will be around tariff reduction,' he said.

'If you look at services, we have huge potential to do more in this space.. These are win-win outcomes.

'Good for the Europeans and good for Australia.'

Prime Minister Turnbull agreed with European leaders to finalise a trade deal with the EU by the end of next year.

While at the G20 Sumit the PM also agreed with Indonesian President Joko Widodo to finalise a free trade deal between our two countries by the end of this year.

MrCiobo confirmed any new deal with Indonesia won't impact any current free trade agreements, but stopped short of ruling out any Indonesia workers coming to Australia.

'Anything we do will be consistent with FTA's that have been put in place by the Labor Party, it will be consistent with the FTA's put in place by the Coalition,' he said.

'So Australians shouldn't be concerned that there will be anything out of the ordinary in these negotiations other than a good quality outcome.'

The government is also set to begin talks with the United Kingdom on a bilateral agreement for when the country exits the EU.

However MrCiobo says the trade deal struck with the EU will also include the UK for as long as it remains a member of the union.

'When the UK is in that means that the deal applies to them, when the UK exits that will deal fall under the bilateral agreement that we are striking between Australia and the UK.'

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