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Baker & McKenzie, Level 19, 181 William St, Melbourne
Dear members and friends,
We are pleased to announce that The Hon. Ian Macfarlane MP, Shadow Minister for Resources and Energy, will address ACBC members in Melbourne on Tuesday 7th May 2013.
The Hon. Macfarlane will share his views on the changing nature of the energy and resources landscape in Australia.
After years of substantial growth, the energy and resources industries now face a significant transformation: the higher costs of labour, materials and other critical inputs are making Australian developments relatively expensive, and while China’s long-term demand is robust, its short-term demand is moderating.
With the IMF predicting China’s economy will increase by 57%, and account for 18% of world GDP by 2016, China will clearly remain an important trading partner for companies operating in Australia’s energy and resources industries. However, the ways in which the new Chinese leadership will adapt its growth model in the upcoming years will have a profound impact on Australia’s economy in the short-term.
Ian Macfarlane is the Shadow Minister for Energy and Resources, two of Australia’s most important industries. He was also the Coalition’s spokesperson for Trade and for Infrastructure and Water. He has visited China twice on official delegations.
Ian Macfarlane was first elected to federal Parliament in 1998. As a Minister in the Howard Government he held the portfolio of Small Business (2001) before being promoted to the Cabinet role of Industry, Tourism and Resources (2001-2007).
Prior to entering politics, he was President of the Queensland Graingrowers Association for seven years, President of the Grains Council of Australia for two years and simultaneously held executive positions on the Queensland and National Farmers Federations and overseas.
Special thanks to Baker & McKenzie for hosting this event.