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Wednesday 27 January 2021

China-New Zealand relations: upgrade to free-trade agreement eliminates nearly all trade tariffs

Scott Morrison, Marise Payne, Peter Dutton and Josh Frydenberg are the culprits that ruin Australia-China relationship, and continue to cause export slide with the largest trading partner.

I have written on many occasions that Australia nearest neighbour, New Zealand, will gain from Australia's debacle.

The iron ore price is on the rise, and wheat export goes sky rocket. These may be good for the short term, but are not good signs as far as I am concerned.

Not unlike stock market manipulation, prices are artificially pushed up, creating a situation for producers to invest in capital expansion and produce a lot more supply than demand; then the carpet is pulled off the floor, causing a sudden big collapse in prices.

Diplomacy NOT idiocy is the key to success!

Thank you for reading!