The UK and Australia have reached a consensus on the “vast majority” of the elements of a comprehensive free trade agreement, the Department for International Trade said on Friday. “Both countries are confident that the remaining issues will be resolved, and will now enter a sprint to agree the outstanding details with the aim of…
EU to Slap Carbon Tax on Australian Exports
April 1, 2021
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Australiacarbon border adjustment mechanismcarbon taxDan TehanEU ParliamentEU-australiaInternationalWorldWTO
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The United Kingdom and the European Union (EU) may soon hit Australian exports with carbon tax policies designed to compel European trading partners to reduce emissions. On March 10, Members of the European Parliament adopted a resolution to support a carbon tax, otherwise called the “carbon border adjustment mechanism” (CBAM). Details are to be presented…
Tourism Operators in Victoria Want More Flights in Federal Rescue Package
Victoria’s tourism operators are requesting the federal government add four more regional airports, including Tullamarine, to the $1.2 billion federal tourism rescue package. In a co-signed letter to federal Tourism Minister Dan Tehan, the operators said they are “deeply disappointed” with the fact that Avalon remains the only Victorian airport in the rescue package so…
800,000 Half Price Domestic Airfares to Aid Australian Tourism Industry
The federal government is subsidising half the cost of 800,000 eligible airfare tickets for domestic travellers as part of a $1.2 billion support package for the struggling tourism industry. The program, scheduled to run from April to July, is the next step in economic support for the tourism industry after JobKeeper ends in March. “This…
Invest in India’s Farm Industry: Trade Minister Tehan
Australia will offer to make investments in India’s agriculture industry to secure a trade deal when the two countries recommence talks next month. Negotiations have stalled between Australia and India after protesters opposing Indian Prime Minister Narendra Modi’s proposal to deregulate the farming industry forced delays in the talks. The government argues the proposed farming…
Minister Tehan Says Government Considering Tourism-Targeted Support
Federal tourism minister Dan Tehan said it is unlikely international travel will resume for another year and so the Morrison government is considering targeted financial support for tourism businesses economically impacted by Australia’s CCP virus restrictions. “I’ve already been engaging heavily with the tourism industry to listen to their concerns and also to get thoughts, ideas…
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