China FTA sells out local workers

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By Leith van Onselen

A political fight is brewing over the China-Australia Free Trade Agreement (ChAFTA), with Labor leader, Bill Shorten, claiming that Labor will attempt to re-write the agreement to ensure that ­labour ­standards, conditions and skills testing are upheld. From The Australian:

Mr Shorten argues Tony ­Abbott brought home an FTA with China that undermines safeguards for Australian jobs and that the flaws go further than just the agreement. “The deal Mr Abbott has struck threatens the much broader consensus that trade is a cornerstone of economic growth and jobs,’’ Mr Shorten writes…

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About the author
Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness. Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.