Impact Publications : Actest3
Page 14 • AirCArgo AsiA-PACifiC • APRIL -MAY 2017 ANDREW HuDsoN Email: AHudson@rigbycooke.com.au GUEST WRITER IN the iconic film Jaws, one of the memorable lines was “We’re going to need a bigger boat” - uttered when it became clear the shark threat was bigger than anyone had anticipated. We face a similar environment now where ‘the disruptors’ affect- ing the efforts to advance liberal- isation in global trade are proving larger and more real than most of us had anticipated. For some time, industry has been able to rely on co-ordinated plans either from the WTO or on a bilateral or regional basis. How- ever, that environment changed suddenly with Brexit, a Trump presidency, a rise in protectionist sentiment and increased political tensions. To paraphrase Jaws, we are at a point where a ‘bigger rudder’ is needed to manage new- ly-turbulent waters. The Export Council of Australia (www.export.org.au) (ECA) is an industry association representing predominantly small and medium sized exporters and which is try- ing to help. The ECA is engaged in many areas, including education and training, research, advocacy and work in trade policy in con- junction with Government and agencies at home and overseas. Part of its recent work has been the development of successive ‘Trade Policy Recommendations’ (TPR) and in the most recent of those (TPR 4.0) the ECA has included recommendations to address some of the current problems under the heading of ‘A prosperous future for all Australi- ans through international trade’. As a director of the ECA with Industry is facing its own ‘Jaws moment’... We’re all going to need a bigger rudder to navigate through new disruptors to international trade By Andrew Hudson, Rigby Cooke Lawyers responsibility for trade policy, I have been directly involved in the development of the TPRs over time and the release of TPR 4.0 has given us the means to ven- tilate our ideas with a focus on advancing the interests of Small and Medium Enterprises (SMEs) to deliver the most immediate boosts to the economy, especial- ly in these difficult times. The details of TPR 4.0 can be found at http://www.export.org.au/publica- tions/trade-policy-recommenda- tions-4 -0 -2017 and I recommend contacting the ECA to you. These are macro ideas sup- ported by significant research and planning by the ECA and will require co-operation from inter- ests here and overseas. However we also hope that all levels of Government here embrace them now and work to implement them. There also is much more that can be done by like-minded parties. At the same time there are more immediate concerns for those in the supply chain including exporters, importers and their ser- vice providers including airlines, shipping lines, providers of road transport, freight forwarders and others. These parties operate in the most complex and heavily-reg- ulated environments ever seen, considering we live in a time when trade facilitation is a desired outcome. Not only does the level of regulation potentially create impediments to trade, the associ- ated fines, penalties and sanctions create an additional level of un- certainty and risk for those in the supply chain and those who insure and finance those parties. This environment also poses challenges for those providing legal advice (such as myself). I and others need to advise on domes- tic and international laws but also need to appreciate the potential impact of the laws of other coun- tries and to have expert colleagues in those jurisdictions. I also need to have an understanding of the political and economic influences which could have an impact – not just now but in the future so that I can advise on what may assist in future plans. Having an idea of what is in the pipeline is vital intel- ligence and all those representing parties in the supply chain need to have a wide appreciation of the law and its external influences. Of course, none of this is clear or easy and only collaboration between Government, its agencies, those in the supply chain, their rep- resentative associations and pro- fessional advisers ensures answers can be found. No one party op- erates in a vacuum and more than ever the interaction between those parties is vital. And of course, if pain persists, see your lawyer.