09/06/2021 - 15:49

Morrison ready when China is

09/06/2021 - 15:49

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Scott Morrison is ready to talk with China when they come to the table, he told a Perth audience today, while Australia’s economic recovery shows the importance of enabling business.

Morrison ready when China is
Scott Morrison was in Perth in today. Photo: David Henry

Prime Minister Scott Morrison is ready to talk with China when they come to the table, he told a Perth audience today, while Australia’s economic recovery shows the importance of enabling business.

Mr Morrison spoke to a Perth USAsia Centre lunch before he heads to the G7 Plus international summit in Cornwall, United Kingdom.

He said Australia and other major developed countries would be working to highlight the effectiveness of liberal democracy and reinforce a world order which favours freedom.

“Competition does not have to lead to conflict, nor does competition justify coercion,” Mr Morrison said.

“We need all nations to participate in the global system in ways that foster development and cooperation.

“Australia stands ready to engage in dialogue with all countries on shared challenges, including China when they are ready to do so with us.”

While not specifically mentioning China’s ongoing trade sanctions against Australia, Mr Morrison said a priority item would be discussing changes to the World Trade Organisation and its appeal process.

Australia has launched an appeal against China's barley tariffs in December.

Key evidence in this advocacy will be Australia’s economic performance since the COVID-19 recession.

“Australia will be one of only two countries [in Cornwall], together with the Republic of Korea, that can point to an economy larger today than it was at the start of the pandemic,” Mr Morrison said.

“Now, this hasn’t occurred in Australia through more regulation, more tax and more government directives to the private sector. 

“That has not been the Australian way through this crisis. 

“It has come about through greater tax incentives.

“What we're doing in our modern manufacturing strategy is all about providing incentives, not greater taxes. 

“Regulatory reform, continued support for open trade and a recognition that government overreach can misdirect resources and impede the creation of good, durable, high-wage jobs.

“As always, we will be an advocate for a free and fair rules-based system for international trade founded on open markets.”

STANDING BY BUSINESS. TRUSTED BY BUSINESS.

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