The Impact Of Rock Lobsters In Australia

Submitted By laxman-pandey
Words: 1272
Pages: 6
Open Document
What is the main issue presented in the media report?

Discuss what has actually happened:

The government of China has declared the ban on the import of rock lobsters from Australia but they didn’t stop import from New Zealand and South Africa. There is no explanation given by Chinese government to Australian government on this import ban. The 95 percent of rock lobsters were caught in the Tasmania water was exported to Hong Kong and china. In addition, the Tasmania is the biggest spot for capturing rock lobsters and lots of fishermen were live there. After the ban on rock lobsters the trading price of the rock lobsters is decreasing by 45 dollars to 25 dollars. The article writes that it is the Christmas gift from china to Australia because it is happened before Christmas.

Highlight the reason for issue being raised:

There are two main reasons for issue being raised and they are following.

To avoid high tariffs:
The first reason is to crack down on how to export to china to avoid high tariffs. The government of Australia exports the rock lobsters via Hong Kong to Mainland China because Hong Kong is tax-free. Australia has utilized the technique to export rock lobsters via Hong Kong because it is the cheaper way than traded directly to Mainland China.

Shows the power:
The Chinese government displays the power of the country to Australian government. It is thought that the Chinese government shows their position to Australia by this decision and makes it simple to do negotiations in the future.

Outline what possible impacts this change could have:

The most of the fisherman in Tasmania are unemployed and may be they think about change their profession.
Over supply of lobsters in Australia that caused falls in price of lobsters.
Scarcity in china that cause the high demand of rock lobsters and rise in price.
It affects the trade relation between china and Australia.

Who are the key stakeholders that are impacted by the issue outlined in the report?

Include a discussion of all groups that may be impacted by the issue raised in this report:

There are five key stakeholders who are impacted by the ban on rock lobsters and they are following:

Australian government: Australian GDP will fall by import ban from china on rock lobsters. The Australian government may use the other alternative market for export of rock lobsters.

Chinese government: The Chinese government loss there tariffs revenue on rock lobsters because of the ban. This loss money affected on their tax revenue to spend money for the country infrastructure or more.

Australian fisherman: The most impacted stakeholder after the ban is Australian fisherman. As already listed earlier, Tasmania is the largest spot for catching rock lobsters and the many fisherman were live there. After the ban they loose their income source from fishing and may be they thinking about changing the profession. This impact may raise the unemployment rate in Australia.

Australian consumer: The Australian consumers are given the positive impact for the ban on rock lobsters because of the over supply the price is decreasing. So they enjoying the lobsters on lower price. Chinese consumer: After the ban, there is shortage in supply and the quantity demand is high for the rock lobsters, which increase the price rate to high. So the Chinese consumers are paying more for rock lobsters.

Highlight what you believe the main impacts will be and outline who you believe will be impacted most:

I believe that the major impact will be on the fisherman of the Australia because many fishermen whose income source is fishing can affect most after the ban. Australia has mostly exported the lobsters from Tasmania water and lots of fishermen are live there. They will loose their work because they cannot catch the lobsters after this prohibition from china and then they are forced into condition that they must to thinking about changing their jobs. In other words, this is due to the rise in the
Show More

Related Documents: The Impact Of Rock Lobsters In Australia

Essay about ECO2302 SYLLABUS SSI 2015 Online Course COB Format 1

COURSE SYLLABUS: ECO 2302: MICROECONOMICS (Online) University of Houston-Downtown Summer I, 2015 COLLEGE OF BUSINESS INFORMATION: This course is in support of a degree program at the UHD College of Business that has earned professional accreditation by AACSB International. AACSB International is an association of more than 11,100 business educational institutions, and other organizations in 70 countries that are dedicated to the advancement of management education worldwide. Only 568 business…

Words 2784 - Pages 12

What Are The Issues Of Social Responsibility In Business

Marketing Plans by Previous Groups of Students in This Course Marketing of environmental issues to business - convincing them it's serious Green Marketing, including riding the bandwagon of green marketing and abuse by corporations Marketing of eco-tourism: green effort or exploitation? Teaching environmental issues to children The efficacy of fear appeals The role and responsibility of top management in environmental decisions Governmental versus self regulation Employee rights Selling…

Words 1483 - Pages 6

Green: Hotel Chains and Westin Harbour Castle Essay

Sustainable Facilities Management “The Greening of Hotels” Individual Assignment (15%) HOST 2036 1. Provide an overview of the Canadian or US Lodging Market a. Number of properties (total, by property classification) Total is 8,508 properties KPIs (Occ %, RevPAR, and ADR) 63% Occupancy Rate (2013 Forecast) $83 RevPAR (2013 Forecast) $133 Average Daily Rate (2013 Forecast) (http://www.hotelassociation.ca/forms/Hotel%20Industry%20Facts%20Sheet.pdf) b. Include…

Words 1689 - Pages 7

Essay on Trading Cities

ECO-309 Assignment 1 1. To be a trading city, 3 factor have to be active: - Someone has to benefit for the trade between the two cities. - Creating a benefit for trade will increase competition for a piece of the action - Creating competition will create merchants from other regions to trade the shirt and bread from wherever they come form. 2. Beer and Wine - Most Breweries create their products because their final product is the heaviest thus making their shipping costs greater, so…

Words 853 - Pages 4

Literature and Works Cited Page Essay

you will read at least two other papers, respond to each using the peer review sheet (available on TRACS), and follow the readings with guided discussions of each paper. You MUST turn in a copy of the workshop draft of your paper in the TRACS assignments folder BEFORE or BY class time on Thursday, April 4, 2013. Workshop Draft Rubric: Basic outline: 25 points 1 page: 30 points Detailed outline: 40 points 2 pages: 60 points 3 pages: 70 points 4 or more pages: 75-80 points ------------------------------------------------…

Words 828 - Pages 4

Eco365 Week1 Essay

| Syllabus School of Business ECO/365 Version 4 Principles of Microeconomics | Copyright © 2011, 2008, 2007, 2006 by University of Phoenix. All rights reserved. Course Description This course provides students with the basic theories, concepts, terminology, and uses of microeconomics. Students learn practical applications for microeconomics in their personal and professional lives through assimilation of fundamental concepts and analysis of actual economic events. Policies Faculty…

Words 2646 - Pages 11

Essay on Eco 550 Assignment 2

Assignment 2: Operations Decisions Eco 550 Managerial Economics The purpose of this paper is to discuss the reasons why I, as a hired management consultant, would suggest a fictitious company either shut down operations or continue them based on its operational health. In order to do this I must first describe, in brief, the basic details of the company I have created to provide some tangibility to this assignment. Then I will assess the current environmental scan factors relevant to the decision…

Words 2012 - Pages 9

Palm Oil and Body Shop Essay

Diploma/Diploma (Level 3) in Business Studies, UNIT 37 ASSIGNMENT – Understanding Business Ethics Student Name: Teacher: Mr Engel | Date assignment issued: 7th November Final Completion Date: Feb Half Term!! | Welcome to your assignment for BTEC Level 3 Business Studies. In order to make sure that you complete the unit on time and meet all your deadlines, you will find that the assignment is broken down into key tasks. Each task will start…

Words 2475 - Pages 10

Ecosystemic Psychology Essay example

STUDENT NUMBER 46600361 PYC4808 ECOSYSTEMIC PSYCHOLOGY ASSIGNMENT NUMBER 2 UNIQUE ASSIGNMENT NUMBER 588438 TOPIC: FIRST AND SECOND ORDER CYBERNETICS TABLE OF CONTENTS Page 1. Introduction 1 2. First order cybernetics 1 3. Second order cybernetics 1 4. How reality is seen by each approach 2 5. How health and pathology is addressed by each approach 3 6. Role and function of therapists 4 7. Ethical concerns 4 8. How first and second order…

Words 2738 - Pages 11

Essay on Module 8 Review Questions

1. Provide some examples in business or daily life in which a controlled process is erroneously adjusted and an out-of-control process is ignored. What implications do these errors have? My example of a controlled process that is erroneously adjusted is the thermostat. My house is two-story. The A/C unit upstairs is set on heat at a temperature of 76 degrees and automatic adjustment. Today’s weather temperature was unusual 80 degrees. So, the heat unit didn’t come on. However, due to the temperature…

Words 1996 - Pages 8