Increase diversification in overseas trade to broaden the base for growth and enhance competitive and comparative advantage. This also limits the risks from over-reliance on a few preferred markets and a specialised range of commodities and services for export.
Oppose “globalism” that is foreign interference by supranational bureaucracies and cartels in our social, legal and economic decision-making.
Support for producer cooperatives and orderly marketing under statutory authorities. This is the most practical and effective way to offset abnormal fluctuations in the price for our rural exports.
Selectively use import restrictions as necessary to protect:
- Defence and defence-related manufacturing
- New and emerging industries
- Crucial established industries where the employment or economic welfare of whole communities is at stake
Develop innovative trade strategies based on fair bilateral agreements that:
- Facilitate a freer flow of international trade
- Maintain our quarantine and product labelling safeguards
- Protect essential local industries against the dumping of cheap imports
- Compensate the rural exports sector from trade competitors subsidised to undercut prices in our traditional markets
Limit the foreign manipulation of our economy by imposing tax penalties on “hot money” speculators in capital and exchange markets. This will also promote responsible awareness of the “national interest” among Australian money traders.
Restrictions on foreign capital inflows that fail to meet a strict “national interest” proviso.
Support for local capital borrowing by Australian business, through a proposed Development Bank, in preference to borrowing overseas.
Permanently bar the foreign ownership of Australian residential real estate. Special case exceptions will exist for continuing permanent residents and bona fide intending permanent residents, natural or corporate.