Saturday 7th December 1996
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Australia is determined to cut down existing trade barriers at the talks - a move which could bring Au$5 billion extra in export dollars each year.
Australia will take up a defensive strategy to ensure that the existing Uruguay Round commitments up to the year 2000 are upheld by the 125 members of the World Trade Organisation (WTO)- especially in the area of agriculture.
The minister for trade, Tim Fischer, said that the major concern was backsliding by France, Japan and Korea on the basis that they wanted to ensure the security of food supply from domestic sources.
Australia will also be urging the WTO to speed up negotiations on freeing up trade in services usch as financial, basic telecommunications and marine which have become bogged down since the Uruguay Round agreements were locked in at Marrakesh in 1994.
Gatjil is the General Manager of Yirrkala Business Enterprises an Aboriginal linked business which works with the Nabalco bauxite mine on the Gove Peninsula.
On his appointment Gatjil immediately declared that Aboriginals have to be responsible "for every dollar" spent.
"We have to look at every cent that is being spent," said Gatjil.
Gatjil has confidence in Herron saying "I will be taking a consultative approach, working through the system to achieve what we need to achieve rather than working against the system.
"I am concerned about the way the budget has been distributed and the effectiveness of that budget.
What we need is to know that the money allocated to Aboriginal Affairs is reaching the indifenous people. I have a big problem with that at present - the commission has got to cut out the middle man."
The general consensus by Aboriginal and political leaders is that Mr Djerrkura's appointment is welcomed.
Australia's All Ordinaries Index slumped 69.4 points to 2313.9 slashing Au$10.27 billion off the value of shares.
The Japanese, Hong Kong and New Zealand markets also plummeted after Greenspan told the American Enterprise Institute he would not be concerned about a "collapsing financial asset bubble" if it did not hurt the economy. World markets took this to mean that the US central banker thought Wall Street was overvalued.
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