Tuesday, June 23, 2015

As noticed on Landline

I forget to watch it most weeks, but Landline remains a quality show (and of the kind a commercial TV network is never likely to make.)

Two interesting things in last Sunday's episode.  First, this commentary on free trade agreements:
The Australia-America freed trade agreement signed in 2005 is a classic example of how hype rarely matches reality.

Australia was promised an el-dorado - but as far as benefits go, we've ended up in that well-known proverbial street.

The figures don't lie - the bilateral trade gap between the United States and Australia continues to grow - in America's favour.

American goods exports to Australia in 2013 - 26 billion dollars - Australia's exports to the U.S. - 9.3 billion.

So the lesson is - when politicians talk about the Australia-China free trade agreement meaning an 18 billion dollar boost over ten years - take that advice with a cupful of salt - and remember what was said about the deal with America.

However, on the plus side - farmers and graziers should be happy - in fact Chinese dairy farmers are said to be very unhappy - which can only be a good thing for our dairy farmers.
 And second, this fascinating story (you must watch the video) about cave diving beneath farms in South Australia.  Wish I could embed the video...

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