Sunday 15th January 2017 - 7:19 pm

Trade:Trump warned

by Alan Thornhill




Two of America’s most important trading partners, Japan and Australia, declared at the weekend just how they intend to respond to Donald Trump’s plan to overhaul world trading arrangements.


They did so in diplomatically correct language, of great force.


Meanwhile the British Prime Minister, Theresa May, spoke of calling for “a global Britain, in a speech she is planning to deliver on Tuesday.


The Japanese Prime Minister, Shinzo Abe, said Australia and Japan had “.. agreed that we should demonstrate to the world the importance of free trade.


“We confirmed that we would coordinate toward the early entry into force of the TPP (Trans Pacific Partnership) and prompt conclusion of the ICEP.


“We  also confirmed that we would [inaudible] cooperation around the pillars of innovation led diversification of industrial structure and local initiatives in making for a closer relationship,” he added.


His host took a similar line.



Mr Turnbull said: “ We have confirmed our commitment to the rule of law, free trade, open markets in our region – the foundation upon which our prosperity and that of billions of other people in our region depends.


“We witnessed today the signing of an Acquisition and Cross-Servicing Agreement which improves the capacity of our defence forces to provide each other with the logistical support during exercises, operations and other activities.


“And we are working towards concluding a reciprocal ACSA agreement this year to also make it easier for our respective defence forces to conduct joint visits and exercises.


“For both of us, for both of our nations, the United States remains the cornerstone of our strategic and security arrangements.


“Our respective Alliance, Alliance of the United States are as relevant and important today as they have ever been.


“We will work closely with the incoming Administration as we have been to advance the region’s interests, and our shared goals.


“Today, Prime Minister, Shinzo, we have recommitted to creating, to consolidating a truly dynamic 21st century relationship.


“Australia is invested in Japan’s success, as Japan is invested in ours,” Mr Turnbull said .

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Alan Thornhill

Alan Thornhill is a parliamentary press gallery journalist.
Private Briefing is updated daily with Australian personal finance news, analysis, and commentary.

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