Richard Goyer CEO Westfarmers and Chair of the B20 group pushes for free-trade.
This looks like George Orwellian “newspeak”, where white is black and black is white.
B20 Australia chairman and Wesfarmers boss Richard Goyder warned a failure by any of the G20 countries to commit would come at a significant cost. According to a B20 analysis, implementing its recommendations to drive trade could support more than 50 million jobs, while closing an infrastructure gap of $15 trillion to $20 trillion could create up to 100 million jobs and generate $6 trillion in economic activity each year.
The recommendations are aimed at structural flexibility; free movement of goods, labour and money; consistent regulation; and anti-corruption. They range from five-year investment targets for infrastructure, to setting up an “infrastructure hub” to help develop pipelines of “bankable” infrastructure projects, winding back non-trade tariff barriers, and making labour markets more flexible.
Really. He wants to reduce non-tariff trade barriers and have consistent regulation?? How come the company of which is he the CEO supported and promoted the Greenpeace policy, giving rise to one of the most trade restrictive and inconsistent laws that Australia has ever had? (the Illegal Logging Prohibition Act) It looks as though he wants a strange kind of “free-trade”.
No doubt the onerous and expensive requirements of the illegal logging regulations will be relatively easy for Bunnings to comply with, but compliance will be very tough for their small business competitors. But perhaps that’s the whole point of it.