Six ways to boost the Australia-Korea Trade Relationship

Dalton, B

Six ways to boost the Australia-Korea Trade Relationship

Dalton, B

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Publisher:: https://drive.google.com/file/d/13qivXH1XO4HBBysXe38B3OQJkBShrXRK/view
Publication Type:: Chapter
Citation:: Toward Deeper Engagement: Prospects and Reflections On the 60th Anniversary of ROK-Australia Diplomatic Relations, 2021, pp. 15-22
Issue Date:: 2021-11-30

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	Korea Research Centre Paper Series Final 20211206 (1).pdf		16.79 MB	Adobe PDF	View/Open

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Field	Value	Language
dc.contributor.author	Dalton, B https://orcid.org/0000-0002-9507-1447
dc.contributor.editor	Elfving-Hwang, J
dc.contributor.editor	Peter, D
dc.date.accessioned	2022-11-26T03:11:45Z
dc.date.available	2022-11-26T03:11:45Z
dc.date.issued	2021-11-30
dc.identifier.citation	Toward Deeper Engagement: Prospects and Reflections On the 60th Anniversary of ROK-Australia Diplomatic Relations, 2021, pp. 15-22
dc.identifier.uri	http://hdl.handle.net/10453/163751
dc.description.abstract	Building on the Korea-Australia Free Trade Agreement, new trade relationships are already beginning to emerge in a range of new industries. For example, Woodside has invested in HyStation to construct and operate hydrogen refuelling stations to service Korea’s public busses. POSCO has named Australia as a “regional strategic base” in the production of low-carbon hydrogen and also acquired stakes in First Quantum Minerals and Pilbara Minerals to secure lithium and nickel for batteries, Korea Zinc Co’s Ark Energy Corporation is investing in Queensland to produce green zinc. But there is scope for much more to be achieved. Below I suggest just six possible ways to support new and emerging trading relationships. I also propose some new modes of engagement that can potentially grow the trade relationship across multiple fields and steer engagement in new directions. These trade areas and modes of engagement include: building more resilient supply chains; experimenting with new visa arrangements; promoting collaboration in science and technology; facilitating film and other media co-production collaborations; developing an Australia-Korea start-up ecosystem; and, promoting Australian and Korean investment in new asset classes.
dc.format.extent	6
dc.language	en
dc.publisher	https://drive.google.com/file/d/13qivXH1XO4HBBysXe38B3OQJkBShrXRK/view
dc.relation.ispartof	Toward Deeper Engagement: Prospects and Reflections On the 60th Anniversary of ROK-Australia Diplomatic Relations
dc.rights	info:eu-repo/semantics/closedAccess
dc.title	Six ways to boost the Australia-Korea Trade Relationship
dc.type	Chapter
pubs.organisational-group	/University of Technology Sydney
pubs.organisational-group	/University of Technology Sydney/Faculty of Business
pubs.organisational-group	/University of Technology Sydney/Faculty of Business/Management Discipline
pubs.organisational-group	/University of Technology Sydney/e-Press
utslib.copyright.status	closed_access	*
pubs.consider-herdc	false
dc.date.updated	2022-11-26T03:11:34Z
pubs.place-of-publication	Perth WA
pubs.publication-status	Published
dc.location	Perth WA

Abstract:

Building on the Korea-Australia Free Trade Agreement, new trade relationships are already beginning to emerge in a range of new industries. For example, Woodside has invested in HyStation to construct and operate hydrogen refuelling stations to service Korea’s public busses. POSCO has named Australia as a “regional strategic base” in the production of low-carbon hydrogen and also acquired stakes in First Quantum Minerals and Pilbara Minerals to secure lithium and nickel for batteries, Korea Zinc Co’s Ark Energy Corporation is investing in Queensland to produce green zinc. But there is scope for much more to be achieved. Below I suggest just six possible ways to support new and emerging trading relationships. I also propose some new modes of engagement that can potentially grow the trade relationship across multiple fields and steer engagement in new directions. These trade areas and modes of engagement include: building more resilient supply chains; experimenting with new visa arrangements; promoting collaboration in science and technology; facilitating film and other media co-production collaborations; developing an Australia-Korea start-up ecosystem; and, promoting Australian and Korean investment in new asset classes.

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http://hdl.handle.net/10453/163751