A free trade agreement with the US would increase Australian farmers' water use by at least 1.3 trillion litres per year, according to research by OzProspect's Michael Cebon.
In other FTA news:
- Drugs deal 'not on agenda': Abbott
- Australia accused over Iraq wheat deals
- Labor backs farmers' US market access
I am beginning to doubt this train is going anywhere. The benefits to us seem extraordinarily limited and the costs, especially once the water issues are taken into account, seem to outweigh any benefits. Although the PBS is off the table it seems that investor-to-state proceedings and the single wheat desk are not.
A sensible opposition party might try and start a debate in the Senate by introducing a bill that would require parliamentary consent to future FTAs.