West Taiwan (aka CHINA)

Ford, GMH, Toyota and Mitsubishi had been getting hundreds of millions each year.

My issue was, way back when John Button did his famous car industry policy was that we gave then $millions for year no ties, no collateral and nothing mortgaged. If I was the Boss, there would have been liens over every one of their assets.

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I’m still scarred from working on successive failed car industry plans. From memory the ACCC estimated that it would have ben cheaper to pay each worker something like the then equivalent of $100k a year with retraining skills courses, than to keep propping it up
Button seems to have been given full liberty in Cabinet on PMV. From what I could work out, it seems to have been a trade off for Keating reducing import tariffs across the board as part of sweeping economic reforms, including floating the dollar.
Button had some whacko adviser who kept on inventing plans which would have breached our GATT/WTO obligations ( apart from not working) when we had considerable fat in our bound PMV tariffs, which were set at very high levels. But industry assistance through tariff protection against imports was seen as bad policy. As it was we lost one indefensible WTO case and we got the blame for losing it.
I got out of anything to do with manufacturing industry after that.

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Button was not my favourite person. My Dad who hated Bob Hawke for betraying the worker, hated Button even more. He said more than once, if you put a blue blood lawyer in charge of manufacturing then we will all lose our jobs. He was proved correct.

Button had this belief that we could successfully build export industries and compete on world markets. He had some success with smaller niche companies and they got massive grants to build new factories and export. Many succeeded, but larger consumer manufacturers just could not compete with labour costs and overheads, so Button helped some big players move off-shore !

Melbourne textile industry that employed 1000’s was decimated, the owners did well though.

It was always ironic for me that the Hawke Government helped increase productivity and owners profit, and the workers got very little.

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The Industry Dept was comprised of a bunch of cowboys busy setting themselves up for jobs with the private sector. They would disappear when the fan was hit with their ordure.
They were the most untrustworthy bunch of public servants I ever worked with.

Many of them moved to Austrade

Irony cos it was the “Labor” party, but isn’t it just the consequences of neoliberal policy?

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Hawke was the mate of the big business blokes. Call it neoliberal if you like but even the Liberals were not as close to the billionaires as Hawke.

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Not just Europe. Every car making country provides Government handouts in order to have a car industry.

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Some of it is disguised as pre competitive research funded by governments, others have cross subsidies and then there are the webs of standards applied by individual countries, foreign investment rules keeping others out of the market …

Speaking of keeping others out of the market, when l was in South Korea the local car builders dominated the domestic market. From what l saw 97% of the car market was from local Korean car makers, 2% European, the remaining 1% was a mix of American and Japanese cars.

I would say that across the board in Korea. I do a lot of work there. 100% a priority and focus on local, hiring local and supporting local workers. Also helps when one company does something like 40% of the entire countries GDP.

Blame it on the US, which imposed the chaebol system on South Korea to keep it out of the Communist camp.

India’s Foreign Secretary Rushes to Dhaka Amid China threat | Vantage with Palki Sharma

China, Russia intensify partnership

Xi, Putin meet in Beijing, agree to deepen cooperation

President Xi Jinping and Russian President Vladimir Putin shake hands on Thursday in Beijing after the two leaders signed a joint statement on deepening China-Russia relations. They also witnessed the signing of several intergovernmental and interagency cooperation documents. RAO AIMIN/XINHUA

Beijing and Moscow pledged on Thursday to intensify their comprehensive strategic partnership of coordination for the new era as President Xi Jinping and Russian President Vladimir Putin signed a joint statement in Beijing highlighting the countries’ commitment to enhancing bilateral ties.

The two countries also agreed that a political settlement of the Ukraine crisis is the right way out of the conflict.

Putin arrived in Beijing on Thursday for a two-day state visit to China, his first foreign trip since being sworn in for a fifth term as Russian president on May 7. Xi held a grand welcoming ceremony for Putin before they held official talks at the Great Hall of the People.

During their talks, Xi said the steady development of China-Russia relations is not only in the fundamental interests of the two countries and two peoples, but is also conducive to regional and global peace, stability and prosperity.

On the new journey, China is ready to work with Russia to stay each other’s good neighbor, good friend and good partner, each trusting the other, and continue to consolidate the lasting friendship between the two peoples, jointly pursue their respective national development and revitalization, and uphold fairness and justice in the world, he said.

Noting that China and Russia are permanent members of the United Nations Security Council and major emerging markets, Xi said that it is the shared strategic choice of both countries to deepen strategic coordination, expand mutually beneficial cooperation and follow the general historical trend of multipolarity in the world and economic globalization.

This year marks the 75th anniversary of diplomatic ties between China and Russia. Xi called on the two countries to take the anniversary as a new starting point, further synergize their development strategies, and continue to enrich bilateral cooperation to bring greater benefits to the two countries and their peoples.

Putin said the development of Russia-China relations is not an expediency, is not directed against any third party, and is conducive to global strategic stability.

Russia is willing to continue expanding bilateral cooperation with China, closely communicate and collaborate within frameworks such as the United Nations, BRICS and the Shanghai Cooperation Organization, and promote the establishment of a more just and equitable international order, he said.

The two presidents witnessed the signing of multiple cooperation documents in fields such as trade, the economy, nature conservation, inspection and quarantine, and the media.

While jointly meeting the media with Putin following their talks, Xi said the Sino-Russian relationship has become a fine example of a new type of international relations and good-neighborly relations between two major countries.

He said that China and Russia are committed to international fairness and justice, and are dedicated to the political settlement of hot spot issues.

Both he and Putin are of the view that it is urgent to solve the Palestine-Israel conflict, Xi said, and UN resolutions must be earnestly implemented and the question of Palestine must be solved on the basis of the two-state solution.

The joint statement issued following the two presidents’ meeting said that the two countries are willing to support each other on core issues such as sovereignty, territorial integrity, security and development.

Both sides agreed to continue expanding bilateral trade, and enhance the share of their respective currencies in bilateral trade, financing and other economic activities, the statement said.

The two countries expressed concerns about the international security situation, and maintain that all nuclear-weapon states should uphold global strategic stability and take comprehensive measures to prevent direct military confrontations between nuclear-weapon states, it said.

In the statement, both sides expressed serious concerns about the United States’ attempts to disrupt strategic stability in order to maintain its absolute military advantage, including the construction of a global missile defense system and the deployment of missile defense systems around the world and in space.

Beijing and Moscow called on relevant countries and organizations to stop adopting confrontational policies, stop interfering in the internal affairs of other countries, stop disrupting existing security architectures, stop creating “small circles”, stop exacerbating regional tensions, and stop promoting bloc confrontations, the statement said.

The two sides oppose the formation of closed and exclusive group structures in Asia and the Pacific, especially military alliances targeting any third party, it said.

Both sides pointed out that the US’ “Indo-Pacific strategy” and NATO’s disruptive moves in the Asia-Pacific region have a negative impact on regional peace and stability, and they expressed serious concerns about the consequences of the AUKUS trilateral security partnership among the US, the United Kingdom and Australia on strategic stability in the Asia-Pacific region, the statement said.

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■■■■ face dictators

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Imagine having to draft that

For anyone who glossed over, the best bit.

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So, the “relevant countries” are China and Russia, right?

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