The Forum > General Discussion > Trade War With China
Trade War With China
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I'm sure that you would agree that Australia should be diversifying its export destinations far more than it has done. I'm puzzled why we don't put much more effort into cultivating far more diverse export relations with India, for example: by the time Australia gets around to it, say by 2030-2040, India may actually have the largest population of any country in the world, right on our door-step.
Indian immigration has been immensely valuable for Australia: where would we be without Indian health and IT professionals ? Many Australian farmers have been switching to cater for Indian markets, which are almost unlimited. An Indian steel industry could take vast amounts of our coal, gas and iron ore, not to mention other metal-oriented industries. And very many Indians speak English, although like us, with their own accents.
And as for India, also Indonesia, Thailand, Taiwan, South Korea and Vietnam: there's another four hundred million potential customers. A couple of billion people, all-up, all with growing middle classes.
Paradoxically, I suspect that we will come out of this Covid crisis with strongly renewed trade relations with China, in spite of the current huffing and puffing (and the US more of a bit player, still grappling with its incompetent handling of the crisis, perhaps for the next five years) - BUT if Australia had half a brain, we would be diversifying, building up relations with those other major countries in the region, all the way from India around to Japan.
Joe