Australia ‘has to look at’ reestablishing domestic manufacturing

Sky News contributor Stephen Conroy says Labor Leader Anthony Albanese’s plan to inject $15 billion in Australia’s manufacturing sector is something “Australia has to look at." “What we’ve seen is the supply chain issues that have been thrown up by COVID, you can’t just make the simple decision ‘let’s just manufacture it in China’,” he told Sky News. “What the COVID pandemic has shown is that Australia has got a very soft underbelly in its ability to look after itself in moments of crisis.” Mr Conroy said Australia’s trading partners can no longer be trusted to honour agreements and pointed to the European Union’s withholding of vaccines to Australia over supply issues and manufacturing needs to be re-established. “In this new environment we have to have manufacturing capabilities so we can support our defence industry particularly, we’ve got to have supply chains in vaccines and pharmaceuticals so that we’re not buying in other countries.”

from Breaking National News and Australian News | Daily Telegraph https://ift.tt/3syx0S0