There are parts of our community that continues to ask the following question:
Why are we giving away $4b in aid when our farmers are struggling?
At first glance it casts Australia’s Foreign Aid budget in a questionable light. But it is horribly short sighted.
Australia exports over $430 billion worth of goods to the rest of the world, and much of it goes to Asia. The majority of wheat grown in Australia is sold overseas, with the major markets in Asia and the Middle East. Annually, it brings in about $2.4b.
Imagine if every country in Asia had worked their way out of poverty and had the capacity to purchase more? Countries such as Thailand and South Korea were once aid recipients and are now among Australia’s 10 largest trade partners.
In short, there is a very good reason to look after your customers. Treat them well and they will become repeat customers. If you provide a way for them to improve their lives so they can buy more wheat and meat products from Australian farmers then that just makes good economic sense. That’s it.