THE DLP BELIEVES IN A FAIR AND EQUITABLE TRADE SYSTEM
The DLP will limit imports from countries where the workers are not provided with basic worker’s rights. At present our domestic markets are flooded with goods produced overseas by companies whose workers do not enjoy safe working conditions, do not receive an adequate basic wage, meal breaks, sick leave, or a myriad of other benefits that Australian industries supply to workers here.
The DLP will also limit the import of manufactured goods that do not meet Australian standards. These imports will be returned, or destroyed at the expense of the original importer.
Greater controls on dumping are required. Trade agreements with foreign countries, and companies, must contain sufficient legal recourse for the Australian government to control dumping within the Australian Domestic Market.
Where foreign companies exploit Australian resources to the detriment of the national interest, the Federal Government must have a legal right to intervene to the extent necessary to preserve a benefit for the Australian economy.
Australian industry should be encouraged to make use of the Development Bank (see DLP Development Bank Policy).
The DLP believes in a fair and equitable trade system that gives the greatest benefit to Australian manufacturers and farmers. The current system of Free Trade Agreements (FTA’s) that largely replaced the previous tariff system has proved not only to be of no assistance to Australian industry, but actually has a negative effect on the Australian economy by giving the greatest advantage to foreign competitors over Australian businesses. Rather than opening our domestic markets to a Free Trade System, the DLP believes in a Fair Trade System that will assist to create a much more level playing field than the FTAs.
All new imports of capital from overseas are to be subject to the usefulness test. Those new industries which contribute important knowledge and capital equipment confer greater advantage, and should be encouraged. Some businesses however, may be subject to take-overs that merely involve the replacement of present owners, without any useful economic benefits.
FAIR TRADE SYSTEM
The DLP believes in a fair and equitable trade system that gives the greatest benefit to Australian manufacturers and farmers.
CAPITAL IMPORT REQUIREMENTS
All new imports of Capital must meet the usefulness test. Capital inflow from foreign sources to be limited to the shortfall of capital that can be sourced in Australia.
BASIC WORKER RIGHTS
The DLP will limit import of goods from countries where the workers are not provided with basic worker’s rights.
All imported goods must meet Australian standards, or be returned, or destroyed.
Trade Agreements with foreign countries and companies must contain sufficient legal recourse to prevent dumping.
All takeovers by overseas interests must be in the best interests of Australia and approved by the Australian Government.