Outsourcing 3.0

THE HIGHEST FORM OF OUTSOURCING

Australia leads the way to Globalisation with triple FTA with Asia’s big three

My Experience With Freight Cost Reduction Australia leads the way to Globalisation with triple FTA with Asia’s big three

Australia leads the way to Globalization with triple FTA with Asia’s big three

Australia is talking with ministers from Japan, Korea and China to finalise Free Trade Agreements with the trio ahead of Tony Abbott‘s visit to Asia in April

On Wednesday, Japan’s Farm Minister Yoshimasa Hayashi and Australia’s Trade and Investment Minister Andrew Robb failed to reach a consensus on tariff elimination. However, they confirmed negotiations would still be underway to obtain a win-win agreement after 7

Specifically, Australia wants Japan to cut the current beef tariffs to 19% while Japan is only willing to go for around 30%. On the other hand, the Asian country wants Australia to slash its 5% auto tariff

If the deal goes through, Australia will become the first major farm exporting country to finalise a FTA with Japan, who has been the biggest importer of Australia’s beef. straight away. years.

The Australian beef industry is also awaiting the outcome of talks with Korea over the Korea-Australia free trade agreement (KAFTA), which is under ratification.

How Do You Choose The Best Globalization Business?

On Thursday, the upper house referred KAFTA to a Senate inquiry to get “the best deal Australia can get” for its producers.

The country’s beef sector hopes the deal is ratified soon as the US – Australia’s major competitor in Korea’s beef market – has made faster progress regarding tariff slashing.

“There is a unique situation with Australia for both Japan and Korea, as there should be no competition in various sectors between Australia and Japan/Korea. If FTAs go through, we can expect to see synergies created from many supply networks, which will create value for everyone,”

said Vivek Sood – CEO of Global Supply Chain Group.

Learn All About Globalization From Supply Chain

Meanwhile, businesses are calling on Prime Minister Tony Abbott to finalise a FTA with China during his visit to country next month.

“It’s hard to overstate the importance and the strength of Australia’s relationship with China. China is now, by far, our largest trading partner. In some years, it’s our largest source of immigrants.

And in most years, it’s our largest source of foreign tourists and students”, Mr Abbott said during an Asia Society Luncheon in Canberra.

Here's What No One Tells You About Globalization.

The Department of Foreign Affairs and Trade says China’s trade with Australia reached $125 billion in 2012, with great opportunities for the beef and dairy industries.

However, critics point out China’s poor records in labour rights and environmental standards, which means compromising Australia’s standards for a FTA may be unethical.

Despite making no reference to China’s labour and environmental records, New Zealand signed an agreement with China back in 2008 and has greatly improved dairy and meat’s access to the Chinese market.

“In a globalized world, the quicker we can eliminate trade barriers and roadblocks, faster we can integrate Australian companies into the global 5-STAR Business Networks that run modern economies” said Vivek Sood, author of the book “The 5-STAR Business Network“.

Globalization Is So Famous, But Why?

“Globalisation has been blamed by both the extreme right and extreme left for a host of economic ills facing various nations.

Having seen the effects of globalisation at close quarters in more than 100 countries, I cannot disagree more.

In my view the results attributed to globalisation are more attributable to other factors such as human malfeasance, institutionalized corruption even in the highest places, laziness, a sense of entitlement to riches

without working for them and herd mentality leading to action without thinking and many such factors – all a small part of basic human nature.”

BOOKS ON OUTSOURCING

Now You Are Ready To Consider The Right Outsourcing For Your Operation

All you have to do is- comment below. Your opinions are vital for building a vibrant global community of professionals. In time, you will be proud of your contributions:

FEATURED COMMENTS WILL EARN A FULL COPY OF ANY OF OUR BOOKS.

What are you waiting for? Share Now, and Win.

Leave a Reply

Your email address will not be published.

Share Generously :

LinkedIn
Twitter
Facebook
WhatsApp

Read More About Outsourcing for Specialised Capability:

Sign Up for Our Newsletters

On This Page:

Build Better Supply Chains: Popular Topics Related To Outsourcing

THE HIGHEST FORM OF OUTSOURCING

Light Humour from Outsourcing 3.0

About the Principal Author of Outsourcing 3.0 - Vivek Sood

Vivek Sood - Author Outsourcing 3.0

Today, Vivek and his partners are among 20-30 people on Earth who have this deep understanding of supply chain systems, practices and tools. CEOs, COOs, executives and Boards call them in the most challenging situations once they know the full potential of supply chain based transformations. Following are key milestones in Vivek’s journey:Started in 1983 as a merchant navy cadet at 18 years age, and worked his way to qualify as a Captain – qualified to take command of any merchant ship, worldwide.

  • Earned a top tier MBA from UNSW at the top of his class.
  • Joined highly regarded strategy consulting firm Booz Allen & Hamilton, consulting to the CEOs, Boards and senior management of global corporations within Australia.
  • To learn and specialise in the supply chain – against all odds, sought out the co-inventor of the supply chain in Germany and convinced him to be a partner in his firm, GLOBAL SUPPLY CHAIN GROUP, launched in January 2000.
  • More than 500 successful blue-chip projects with high impact business transformations in large corporations using the full power of SUPPLY CHAIN MANAGEMENT.
  • 4 Seminal and path-breaking business books IN SUPPLY CHAIN MANAGEMENT – these are available in bookstores and universities, and libraries worldwide.

Your say About Outsourcing 3.0

Outsourcing for Cost Arbitrage

Outsourcing to Access New Markets

Testimonials for the book OUTSOURCING 3.0