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UK, Australia strike new free trade agreement

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Australia and the United Kingdom have agreed to a new trade deal, a first major deal post-Brexit.

The Australian Prime Minister had a working dinner with British Prime Minister Boris Johnson at Downing Street last night, with a formal announcement expected on Tuesday.

According to the BBC, the meal served up to the pair on Monday evening included Welsh lamb and Scottish smoked salmon, and was washed down with Australian wine.

It is the first trade deal to be negotiated from scratch since the UK left the EU.

The new deal is expected to give UK and Australian food producers and other businesses easier access to each other’s markets.

However, the leaders were initially stuck on several issues, including a plan by the British to add tariffs to Australian farming imports for the next ten years.

Behind the scenes, bureaucrats have been working frantically to reach a deal, and now both leaders are believed to have made concessions.

The new trade deal is expected to give UK and Australian food producers and other businesses easier access to each other’s markets.

According to the National Farmers Union (NFU), Australian farmers are able to produce beef at a lower cost of production, and could undercut farmers in the UK.

Australia’s top 10 export markets

Australia still leads the world when it comes to exporting ironcoal and petroleum gases.

Australia’s biggest export products by value in 2020 were iron, coal, petroleum gases, gold and aluminium. In aggregate, those major exports account for 63.1% of overall exports sales from Australia.

The following export product groups categorize the highest dollar value in Australian global shipments during 2020. Also shown is the percentage share each export category represents in terms of overall exports from Australia.

  1. Ores, slag, ash: US$91.3 billion (35.9% of total exports)
  2. Mineral fuels including oil: $65.4 billion (25.7%)
  3. Gems, precious metals: $19.6 billion (7.7%)
  4. Meat: $10.4 billion (4.1%)
  5. Inorganic chemicals: $5.2 billion (2%)
  6. Machinery including computers: $4.4 billion (1.7%)
  7. Cereals: $3.8 billion (1.5%)
  8. Pharmaceuticals: $3.4 billion (1.4%)
  9. Electrical machinery, equipment: $3.1 billion (1.2%)
  10. Aluminum: $3.1 billion (1.2%)

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Business

“TikTok represents two national risks to Australians”: should you delete the app?

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Democracies continue to ban popular video-sharing app TikTok over national security concerns

Australia recently banned TikTok from all federal government owned devices over security concerns.

Canberra is the latest in a string of U.S.-backed allies to take action against the popular video-sharing app.

The ban centres around concerns China could use the app to trace users’ data, and undermine democratic values.

Senator James Paterson is the Australian Shadow Minister for Home Affairs and Cyber Security, who said TikTok poses a risk to Australians.

“They can get access to awful amount of information on your phone.

“Because it’s beholden to the Chinese Communist Party, there’s no guarantee it won’t fall into their hands,” he said.

Senator Paterson said there are “six or seven million Australians who use the app.”

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Business

Cyber attacks are on the rise, so what is being done to combat them?

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Australia experienced two of its worst cyber attacks on record last year, as the world braces for cyber warfare to rise

 
Ukraine has suffered a threefold growth in cyber-attacks over the past year.

Viktor Zhora is leading Ukraine’s State Service of Special Communications and Information Protection agency, who said cyber attacks are occurring at the same time as missile strikes at the hands of Russia.

Mr Zhora said in some cases, the cyber-attacks are “supportive to kinetic effects”.

On the other side of the planet, Russian hackers were responsible for Australia’s Medibank scandal.

“This is a crime that has the potential to impact on millions of Australians and damage a significant Australian business,” said Reece Kershaw, who is the Commissioner of the Australian Federal Police.

Australian Shadow Minister for Home Affairs and Cyber Security is James Paterson, who said Australia can learn from cyber warfare in Ukraine.

“Ukraine is a lesson for the world.

“They are fighting a hybrid war, one on the ground and one online. If there is to be future conflict including in our own region, in the Indo-Pacific, it’s highly likely that the first shots in that war will occur cyber domain not in the physical world,” Senator Paterson said.

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World

America focused on “dominance, leadership and primacy” in China spat

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Former Australian Foreign Minister Bob Carr says the United States relationship with China is focused on dominance, leadership and primacy.

“Mind your own business” – it’s the stinging message to the West from China’s defence minister.

Li Shangfu told a security conference that China has “one of the best peace records” among major countries.

He lashed out at the so-called rules-based system. Asking – “who made the rules?”

The world is watching China amidst heightened international anxiety.

But while China’s Defence minister says Beijing’s preference is “peaceful unification” with Taiwan, he added that China will never “promise to renounce the use of force.”

Delegates from the Philippines, Vietnam, the Netherlands, the United States and Germany asked about the “apparent disconnect between China’s words and actions”.

But in some of those countries, there is growing concern about America’s increasing level of unpredictability.

Australia’s former Foreign minister Bob Carr is concerned that Canberra had mismanaged the relationship with America under successive governments. #featured #world #china

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