Australian exports could take off as the country emerges from the corona virus months earlier than most of the world.
With the pandemic still ravaging Europe, North America and the developing world and chaos supply lines, Australia can be seen as a lifeline.
Experts predict that demand for Australian products will increase as foreign markets are confident in our reliability and lack of disease risk.
Foreign buyers are already diving on Australian properties and international students will soon return en masse to universities.
Experts predict demand for Australian products and education (pictured by international students) will increase after the country so quickly defeats the corona virus
Prime Minister Scott Morrison said on Friday that even with a surge in unemployment in Australia, the lighting was on the horizon.
“Markets see that Australia is a country that can be trusted, and that is a good bet in a very uncertain time,” he said.
Tim Harcourt, an academic from the University of NSW and former Austrade economist, agreed that beating coronavirus early will be a boon to producers.
“Being relatively coronavirus-free can only make us more attractive to international trading partners,” he told Daily Mail Australia.
Harcourt said that agriculture, alcohol, spirits, high-quality food, medical equipment and manufacturing offer good opportunities.
He said the export boom can also help lift forest-infested areas, such as Kangaroo Island that produces gin.
“International tourism may have disappeared, but exports can be a real opportunity to help them recover,” he said.
Tim Harcourt, an academic from the University of NSW and former Austrade economist, said a boom in exports could also help lift forest-infested areas, such as Kangaroo Island
Kangaroo Island is known for its gin distilleries that could get an export boost
Australia already has a reputation for quality and safe goods in Asia, which has been known to sell ‘frightening’ baby food and other goods shelves to foreign buyers.
An example of why is a recent rush of babies in China with deformed heads after drinking a fake baby food that was actually a protein powder.
International students were welcomed to Australia in time for the second semester of August – and there may be many more than usual.
The federal government plans to breathe new life into the industry’s nearly $ 35 billion in phase three of its roadmap for Australia’s reopening.
Harcourt said that because of their younger age, international students had a lower risk than other immigrants and would like to pass quarantine.
“Our competition is Britain and the United States, which are very affected, so Australia would be even more attractive,” he said.
“Students who finish high school may not want to go home to college because they are stuck and already see Australians returning to the pub.”
International students were welcomed to Australia in time for the second semester of August – and there may be many more than usual
Chinese buyers are already picking up Australian properties because the pandemic is on the ropes here
Georg Chmiel, executive chairman of the Chinese real estate market analysis firm Juwai, said Asian parents were keen to send the kids out of the danger zone.
“Chinese marketers tell parents that their children’s health is better protected when they switch from studying in the US or the UK to Australia,” he said.
“I know it’s simplistic, but you can understand why some parents are convinced. People are afraid.
The (total) number of COVID-19 cases per million is more than 3,400 in the UK, more than 4,400 in the US, but only about 280 in Australia.
“Those numbers will convince some parents that Australia is the safest place for their children to study.”
Chmiel said Australia’s success in suppressing coronavirus also made it an attractive place to do business and buy real estate.
“Australia was already attractive as a safe country where your investments are protected,” he said.
“Now the country seems to have managed the pandemic well. That makes it even more attractive for foreign buyers. ‘
In April, Chinese buyers conducted twice as many Australian real estate surveys as in any other month so far this year and 50 percent more than in any other month in the second half of 2019, Juwai figures showed.
A recent rush of babies in China with deformed heads after drinking a fake baby food that was actually a protein powder shows why Asian consumers love Australian goods
A father, Mr. Hu, said that the skull of his three-year-old child “clearly protrudes” as a result. He said the child had grown slowly and only had the physical characteristics of a two-year-old
John Hewson, a lecturer at Australian National University, said other countries would increasingly look to Australia as part of their supply train.
“The supply chains of other countries may be disrupted, so import replacement is something we should remember, for some industries this could be a significant opportunity,” he said.
“We can have a special advantage in areas such as small volume production.”
Dr. Hewson said overseas companies can be urged to invest in Australia as a platform to expand into the Asia Pacific region.
“We have done well to maintain commodity prices during the pandemic and our trading account is unexpectedly strong despite the collapse in world trade,” he said.
Adam Creighton, economics editor for The Australian, suggested that Australia might even become a destination for wealthy retirees fleeing the rest of the world.
Oliver Hartwich, Executive Director of the New Zealand Initiative, said overseas sports leagues such as the Premier League could even move here temporarily (photo is a match between Manchester United and Leeds United at Optus Stadium in Perth)
“Affluent seniors in Europe and North America may be willing to pay a hefty down payment of millions – enough to fund their healthcare costs and more – for a permanent visa to Australia,” he wrote.
“The government already offers significant investor visas to anyone worth $ 1.5 million or more – why not a significantly higher subclass?”
Oliver Hartwich, executive director of the New Zealand initiative, told the newspaper that overseas sports leagues such as the Premier League could even move here temporarily.
“Bring in the players and everyone in, quarantine them for a few weeks and let them start playing the rest of their matches in sports fields and empty stadiums here,” he said.
Eric Knight, a pro-vice chancellor at the University of Sydney, suggested persuading American technology companies to relocate development activities to Australia.