Australian businesses will continue to reap the benefits of Australia’s free trade agreements with further tariff cuts set to boost Australia’s competitive advantage in two of our major export markets. Minister for Trade, Tourism and Investment Simon Birmingham said the latest round of tariff cuts on January 1, 2019, under trade agreements with China and … Continue reading Australian exporters reap benefits of free trade agreements
2016 will go down as a watershed year for all the wrong reasons: Britain’s EU exit faces strong opposition; Syria remains plunged in civil war; and in the wake of the US election politics in the two major Anglosphere democracies are now deeply polarised.
Donald Trump’s victory promises a further departure from the traditional Asia-Pacific order created during the Cold War years. This was when the US provided military and economic dominance through a system of defence alliances with the major trading partners in the region, including Australia.
Fears that the Chinese Australian Free Trade Agreement (ChAFTA) will lead to a flood of Chinese workers in Australia are unfounded.
Surveying democratic election results around the world, it’s clear the high water mark for globalisation has been met. Free trade, always questionable economics, is no longer good politics and in many ways has jumped the shark.
Newly appointed trade minister Richard Marles will prioritise the pursuit of free trade agreements with China, South Korea and Japan.