Subscribe to RSS feedTrade deficit out to $2.72bn
by
Obsidian
—
last modified
Mar 03, 2005 12:00 AM
Driven by a 2% rise in imports, Australia's trade deficit widened by $307m in January to $2.72bn. Trade minister Mark Vaile said that while Australia is reaping the benefits of one of the greatest resource booms of the past century, the volume of resource exports could be even higher.
Billions of dollars are being lost because state governments are not investing in port and railway infrastructure, subsequently limiting the nation's resource export capacity, he said.
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