Buy Australia
You will all be aware of current demands for Australian Government procurement policies to include a “buy Australian” bias. The Government does not support such proposals. We remain resolutely committed to a non-discriminatory purchasing policy.
Australia is a signatory to numerous international agreements that seriously inhibit our ability to use discriminatory procurement policies. We have been vocal in international forums warning against the serious threat any upsurge in protectionism poses to the world economy. If we introduce protectionist measures like discriminatory procurement policies we will invite retaliation from other countries. As a trading nation, Australia stands to lose a great deal in any global outbreak of protectionism.
The notion that there are big gains for Australian companies and workers to be won from discriminatory procurement policies is essentially a mirage. Research by my Department that I am releasing today shows that the possible benefits are very modest.
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