The Abacus

No Winners from Protectionism - ACBC supports strong and open trade

By: ACBC
23-03-2018

Media Release 23 March 2018

No Winners from Protectionism –

ACBC supports strong and open trade

For the past 44 years, the Australia China Business Council (ACBC) has consistently supported bilateral trade and investment between Australia and China. ACBC has been a longstanding advocate for free trade and increased investment which have been the cornerstones of Australia’s record breaking 26-year period of economic growth.

In this context, ACBC is deeply concerned by the second round of trade tariffs announced by the US Administration against Chinese imports. The imposition of such trade tariffs will likely slow economic growth and lead to a global trade war impacting all trading nations.

There are no winners in a global trade war. In the face of US protectionism and the threat of a global trade war, it is time for clear leadership to guard against economic downturns and to ensure trade remains free and open for the benefit of all, which is especially important for a trading nation like Australia.

 

For further information contact:

Helen Sawczak

National CEO ACBC

0407 362 228

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@AusChinaBC

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