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Australia: Trading with the World

How Australia's trade policy paves the way for more jobs and prosperity

Andrew Robertson

on 20 June 2011

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Transcript of Australia: Trading with the World

Australia: Trading with the World JAPAN CHINA Switzerland Brochures Online http://dev.zoogroup.com.au/dfat-map/build/ Why is trade good
for Australia? Trade improves living standards
Trade creates jobs
Trade creates economic growth increasing openness to trade in the 1990s coincided with falling unemployment For more information... b one in five Australian jobs is directly related to trade jobs created by trade are typically good jobs higher wages
higher percentage of full-time staff
higher safety standards that's over 2,000,000 jobs! that's more than 2,000,000 jobs! Trade contributes up to $3,900 to the budget of an average Australian family Some simple facts: that's more than 2,000,000 jobs! that's over 2,000,000 jobs! Trade contributes up to $3,900 to the budget of an average Australian family Australians working in
export industries on
average are paid 60 per
cent more than other
working Australians Geneva Agricultural trade reform:
elimination of export subsidies
cuts in farm support Benefits for developing economies EGYPT Trade Liberalisation = Economic Growth Employment



Annual rates of Growth

Trade to GDP ratio Benefits of trade liberalisation for Egypt Expansion of key sectors between 1998 and 2005: 950% 425% 268% 8.11% Transportation
equipment Food products Electrical
machinery Chemicals 268% 209% Chemicals 143% Electrical
machinery Employment opportunities for women in these sectors: Food products Transportation
equipment 333% Hendy, R. and Zaki, C. (2010). Rethinking the Redistribution Effects of Trade
Liberalization in Egypt: A Microsimulation Analysis. Available from:http://www.tn.refer.org/CEAFE/Papiers_CEAFE10/Eco+fin_Inter/Hendy.pdf comparative advantage Multilateral agreements offer the largest benefits from trade Concluding the Doha Round
would be like making 153 Free Trade Agreements at once Multilateral trade liberalisation creates more jobs and prosperity A substantial Doha outcome could deliver: gains to to the world economy of between US$165 billion and US$283 billion gains to Australia and New Zealand of between US$2 billion and US$5 billion per year Regional economic cooperation http://www.dfat.gov.au/trade/index.html Australia seeks high-quality, liberalising bilateral and regional trade deals that

the multilateral system support AANZFTA regional rules of origin tariff reduction and elimination further strengthen commercial ties with ASEAN SINGAPORE Singapore-Australia Free Trade Agreement (SAFTA) education services environmental services telecommunications services professional services investment tariff
elimination residency
removed/eased commitment to reduce trade protectionism
strong development of the poorest countries and improving the living standards of these countries
achieving sustainable economic growth for the whole world. = Australia's
Bilateral Free Trade Agreements ASEAN-Australia-New Zealand
United States
New Zealand
Chile China
Gulf Cooperation Council (GCC)
Pacific Agreement on Closer Economic Relations (PACER) Plus
Trans-Pacific Partnership Agreement
India TPP = cheap imports cheaper imports Gillard Government Policy Statement: Trading our way to more jobs and prosperity (2011), p1 Hufbauer et. al. (2010), as cited in Wickes Papers Centre for International Economics, 2009: Benefits of trade and trade liberalisation Australia-Japan Free Trade Agreement agricultural market access Gillard Government Policy Statement: Trading our way to more jobs and prosperity (2011), p9 agricultural reform market access for industrial products and resources energy and mineral resources food supply rules of origin customs procedures telecommunications and financial services investment market access for goods trade in goods rules of origin sanitary and phytosanitary (SPS) issues technical barriers to trade customs procedures intellectual property electronic commerce government procurement competition goods market access services investment government procurement Unilateralism Non-discrimination Separation Transparency Indivisibility of trade policy and economic reform United Kingdom United States Brazil Canada China Indonesia India Russia South Africa Mexico France Germany Italy Japan Republic of Korea Saudi Arabia Turkey European Union Argentina Australia open trade and investment conclude Doha round crisis response rebalancing of global economic growth Why Australia prioritises multilateral trade deals Multilateral trade liberalisation = countries specialising according to their e.g. Member economies and date of accession:
Australia 1989
Brunei 1989
Canada 1989
Indonesia 1989
Japan 1989
Republic of Korea 1989
Malaysia 1989
New Zealand 1989
Philippines 1989
Singapore 1989
Thailand 1989
United States 1989
Chinese Taipei[2] 1991
Hong Kong, China[3] 1991
People's Republic of China[4] 1991
Mexico 1993
Papua New Guinea 1993
Chile 1994
Peru 1998
Russia 1998
Vietnam 1998
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