Latest / Best of Business / Murray Olds: Australian correspondent on Australia establishing a new trade deal with the EU

Transcript

Murray Olds: Australian correspondent on Australia establishing a new trade deal with the EU · Best of Business

• 0:09
  Speaker 1: You're listening to a podcast from News Talk sed B.
• 0:12
  Speaker 1: Follow this and our wide range of podcasts now on iHeartRadio.
• 0:17
  Speaker 2: Muryold's Ossie correspondents with us a mus afternoon. Heather, who
• 0:21
  Speaker 2: has he got Urgela in town?
• 0:22
  Speaker 3: Have you? Yes, we do. And it's a very big
• 0:25
  Speaker 3: day for Australia and for Europe, according to the Federal
• 0:28
  Speaker 3: government and indeed to the European Union ursular vonder lyon
• 0:32
  Speaker 3: She's addressed the Australian Parliament, warned about you know that
• 0:35
  Speaker 3: Europe offers stability in an increasingly unstable world, but that
• 0:41
  Speaker 3: stability is under threat like never before. You've got to
• 0:43
  Speaker 3: change a new reality, she said. The world we're living
• 0:46
  Speaker 3: in is brutal, harsh and unforgiving. The comfort blanket of
• 0:49
  Speaker 3: yesterday's been ripped away and that's confronting. And she's right,
• 0:52
  Speaker 3: look what's happening in the Middle East. Also part of
• 0:56
  Speaker 3: her visit down Under is to sign a two way
• 0:59
  Speaker 3: trade deal and this stands to benefit Australia bigley. As
• 1:02
  Speaker 3: Donald Trump would say, there are four hundred and fifty
• 1:06
  Speaker 3: million people in Europe and there's now ninety eight percent
• 1:09
  Speaker 3: of existing Australian exports to Europe are going to be
• 1:11
  Speaker 3: duty three, no tariffs for example, heather on wine, on fruit,
• 1:15
  Speaker 3: on vegetables and meat, sugar, butter, those sorts of things
• 1:19
  Speaker 3: much more commercial access. And it's a two way deal.
• 1:23
  Speaker 3: Because all of almost all European imports to Australia are
• 1:28
  Speaker 3: gone or reduced, the tariffs on those goods. Names like
• 1:31
  Speaker 3: feta and prosecca will still be able to be used
• 1:33
  Speaker 3: in this country for at least ten years in the
• 1:35
  Speaker 3: case of prosecco, because that was a big sticking point
• 1:38
  Speaker 3: and they're stealed in two way trade worth hundreds and
• 1:41
  Speaker 3: hundreds of millions of dollars. So on paper, it looks
• 1:44
  Speaker 3: pretty darn good. And as soon as the Straits of
• 1:46
  Speaker 3: Wall Moves open up again and we get more oil flowing,
• 1:50
  Speaker 3: I'm sure all the Australian goods will pour into the
• 1:52
  Speaker 3: Northern Hemisphere.
• 1:53
  Speaker 2: Yeah. Now, you guys are not going to be doing
• 1:56
  Speaker 2: any fuel rationing at the moment. Is everybody on board
• 1:59
  Speaker 2: with us or are there still some skeptics out there?
• 2:02
  Speaker 3: Well, look, I've not heard any skeptics. Certainly the biggest state,
• 2:05
  Speaker 3: New South Wales. The premiere Chris Men's yesterday made it
• 2:09
  Speaker 3: very clear they were working right across the weekend with
• 2:12
  Speaker 3: all the big fuel distribution companies there are four or
• 2:14
  Speaker 3: five of them in this country and part of the problem,
• 2:18
  Speaker 3: of course is getting fuel to where it's needed. Farmers
• 2:21
  Speaker 3: need diesel, for example, but where farmers typically are getting
• 2:25
  Speaker 3: their fuel from they're often small regional centers where you
• 2:30
  Speaker 3: don't have a big BP. For example, you've got a
• 2:32
  Speaker 3: small independent operator and it's the independent operators who haven't
• 2:37
  Speaker 3: been getting fuel deliveries of diesel and petrol and so
• 2:41
  Speaker 3: on because they don't have locked in existing contracts with
• 2:44
  Speaker 3: the big distribution companies. Because the distribution companies actually own
• 2:48
  Speaker 3: outlets themselves, so they're looking after their own outlets first,
• 2:52
  Speaker 3: and there isn't a BP in every day a small
• 2:54
  Speaker 3: country center. So the Premier yesterday made it clear across
• 2:58
  Speaker 3: the weekend those talks progressed. He wanted some answers by
• 3:01
  Speaker 3: clothes of business today about getting fuel supplies out to
• 3:06
  Speaker 3: where they needed in the bush. But it's a it
• 3:10
  Speaker 3: really is a demand driven problem according to the federal
• 3:13
  Speaker 3: government Albanez. He says, we're getting regular supplies. Yes, six
• 3:18
  Speaker 3: or seven ships have not turned up on time this month,
• 3:22
  Speaker 3: but that means about eighty odd have. But our buying
• 3:27
  Speaker 3: patterns have changed dramatically. We're buying more than we need to. Basically,
• 3:31
  Speaker 3: you know, perhaps I would I would go a whole
• 3:34
  Speaker 3: week ten days before my tank was exhausted. I might
• 3:36
  Speaker 3: be topping up that tank halfway through, for example, And
• 3:39
  Speaker 3: everybody seems to be doing it. So that's a big
• 3:41
  Speaker 3: part of the problem.
• 3:42
  Speaker 2: Actually, the rational thing to do, it's what it's what
• 3:44
  Speaker 2: people in crisis management will tell you. You have to
• 3:46
  Speaker 2: do this, doing the right things. Sure, thank you for
• 3:48
  Speaker 2: your time, mate, look after yourself. We'll talk to you soon.
• 3:49
  Speaker 2: As Murray Old's Ossie correspondent.
• 3:52
  Speaker 1: For more from News Talk sed B, listen live on
• 3:54
  Speaker 1: air or online, and keep our shows with you wherever
• 3:57
  Speaker 1: you go with our podcasts on iHeartRadio