THE Australian uranium mining industry is set to double in size if an agreement to sell uranium to India is ratified, Parliament’s Treaties Committee has found.

The Joint Standing Committee on Treaties has tabled its report into the Australia – India Nuclear Cooperation Agreement, which could see Australian uranium in dozens of new Indian electricity generating nuclear reactors over the coming decades.

Committee Chair, Mr Wyatt Roy MP, said that the deal could increase export revenue by an estimated $1.75bn and double the number of Australians employed in the uranium mining industry.

The deal will be particularly important for rural and remote areas in states like South Australia and Western Australia, where uranium mining is expected to ramp up.

Queensland could also significantly benefit if the Queensland Government reverses its decision to stop uranium mining.

In India, Australian uranium could help bring low-carbon emission electricity to the 400 million people who do not have access to power at present.

While the Agreement is designed to ensure that Australian nuclear material is only used in safeguarded facilities and cannot be diverted for use in nuclear weapons, the Committee has made a number of recommendations to strengthen safeguards and improve non-proliferation outcomes.

“Critically, on the basis of assurances from the Director-General of the Australian Safeguards and Non-Proliferation Office, the Committee trusts that Australian nuclear material in India can be tracked and accounted for, ensuring that it is not used for anything other than peaceful purposes,” Mr Roy said.

The committee has recommended that the regulation of nuclear safety and security at Indian nuclear facilities be addressed before the sale of uranium takes place. 

Another recommendation is that Australia commit diplomatic resources to encourage India to make genuine disarmament advances, such as signing the Nuclear Test Ban Treaty.

“The Committee has successfully navigated a series of complicated issues to reach a point where, with certain qualifications, it supports a deal that will cement Australia’s relationship with an emerging world power,” Mr Roy said.

The full report is available on the committee’s website or by contacting the committee secretariat on (02) 6277 4002.  

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VECCI Chief Executive Mark Stone said VECCI urges the Parliament of Australia to approve the China-Australia Free Trade Agreement (ChAFTA) this year, given the Agreement’s capacity to widen and deepen trade and investment with one of the world’s fastest growing economies.

"With a diverse and competitive industry base, Victoria is well placed to leverage major growth opportunities from Australia's largest goods export destination ($90 billion in 2014), and largest services export market ($8 billion in 2014)," Mr Stone said.

"The prospects for new trade and investment extend not only to our agriculture sector, but resources, energy, manufacturing and service industries.

"ChAFTA must be approved by the Parliament this year so that business can benefit from tariff relief, with some tariff cuts occurring immediately and others to take affect from the start of 2016.

"VECCI is united with the Australian Chamber of Commerce and Industry, National Farmers’ Federation and Minerals Council of Australia in its call for Parliamentary approval of this crucial deal in 2015."

Employers can access tools, tips and information on getting into exporting or growing existing exports by visiting www.vecci.org.au

PUBLIC hearings on the China Australia Free Trade Agreement will conclude this week, with the Department of Foreign Affairs and Trade and other agencies responding to issues raised throughout the Treaties Committee’s inquiry.

Representatives from Master Builders Australia and Australian Pork Limited will also appear to provide evidence on the impact of the Agreement on their industries.

China provides Australia’s largest agriculture and fisheries market and biggest export market for resources, energy and manufacturing. Chinese investment in Australia has grown strongly in recent years and the country is also Australia’s largest services market.

The Agreement is expected to eliminate or significantly reduce tariffs on a wide range of Australian goods exports including beef, dairy, sheep meat, wine, horticulture and energy and resource products. It also delivers China’s best services commitments to date, including the provision of new or significantly improved market access for financial, legal, education and health and aged care services.

Over six weeks of public hearings across the country, the Committee has heard evidence from a range of witnesses, including representatives from agriculture, manufacturing, business and export groups, academics and unions.

Committee Chair, Mr Wyatt Roy MP, said the inquiry process had helped the Committee understand the impact the Agreement would have on different industries.

“The hearings have helped us understand how the China Australia Free Trade Agreement will affect Australian businesses, particularly the opportunities for growth that it provides,” he said.

“We have also identified key aspects of the Agreement that are concerning some in the community and will seek clarification on these issues from DFAT and other agencies in our final hearing this week.”

The Committee is due to report on the inquiry into the China Australia Free Trade Agreement in October.

Public Hearing:

Monday 7 September 2015

Committee Room 2R1, Parliament House Canberra

10.30am: Free Trade Agreement between the Government of Australia and the Government of the People’s Republic of China

1.00pm: Close

The hearing will be broadcast through: www.aph.gov.au/live

Hearing programs, copies of the treaties and submissions received can be found at: http://www.aph.gov.au/Parliamentary_Business/Committees/Joint/Treaties

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THE Australian Government has today released the first draft regulation under the new Biosecurity Act 2015, giving interested stakeholders the chance to put their ideas forward on how biosecurity risk will be assessed when the new Act takes effect next year.  

Minister for Agriculture, Barnaby Joyce, said the Biosecurity Import Risk Analysis Regulation (BIRA regulation) has been released for a three month consultation period.  

"The biosecurity import risk analysis process, the regulations and the opportunity for stakeholders to comment were key issues raised by stakeholders during consultation on the Biosecurity Act," Minister Joyce said. 

"I am pleased to follow through on the government's commitment to meaningful consultation with stakeholders and I invite all interested people and organisations to provide comment on the exposure draft regulation. 

"All comments received during the consultation process will be considered in drafting the final BIRA regulation. 

"Our enviable clean and green biosecurity status relies on getting these regulations right—and we are all aware of the potential consequences of a pest and disease incursion to our domestic industries, environment and access to overseas markets."  

Minister Joyce said today that the draft BIRA process under the new legislation was guided by the recommendations from the recently releasedexamination of the import risk analysis (IRA) process report. 

"We heard from stakeholders that it is important to consult earlier, to access external expertise and to better explain how regional differences are considered when conducting an IRA," Minister Joyce said.  

"The feedback we received through the examination of the IRA process from stakeholders has directly shaped the draft BIRA regulation. 

"I would also like to reassure stakeholders that the development of the BIRA process does not mean previously completed IRAs are invalid or will be redone."  

The submissions period for the BIRA regulation is open from today until 30 November 2015.    

For more information on the exposure draft and the consultation process, please visit agriculture.gov.au/biosecurity/legislation/new-biosecurity-legislation.

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