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Trade-Geographical Links

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Nicole Morley

on 12 June 2013

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Transcript of Trade-Geographical Links

Non-Government Organisation World Trade Organisation (WTO) Government Role in Trade The Australian Department of Foreign Affairs and Trade works towards building strong trade links with the world. It oversees Australia's trade agreements and ensures they are in accordance with the World Trade Organisation (WTO) benchmarks. Trade Trade is the action of buying and selling goods or services. Australia both import and export goods around the world. Australia's trade accounts for about 1% of world trade.
Australia's main trade partners are within the Asia-Pacific region, as 8 out of the 10 largest export markets are found here. Our other main trade partners are United Kingdom (UK), United States (US), New Zealand (NZ), Japan, South Korea and China. Treaties/Agreements Treaty: formal agreement between countries Advantages and Disadvantages of Trade Social Justice and Equity Live Exports Australia's Global Links TRADE United Kingdom Asia-Pacific Region U.S.A Examples of Government's Roles -Asia-Pacific Economic Cooperation (APEC)
-Closer Economic Relations Treaty Agreement (CERTA)
-Australia-United States Free Trade Agreement (AUSFTA) Australia's Involvement in Trade-Summary Examples of Non-Government Involvement Agreement: accordance in opinion; negotiated binding arrangement between countries as to a source of action -allow countries to form relationships and trust -ensure there is continued importing and exporting -result in a plan for future sustainability (can get products from overseas if need be) -Australia has over 600 treaties with other countries Agreements and Treaties in Trade (aims): Examples of Australia's Treaties and Agreements *Australia New Zealand Closer Economic Relations - Trade Agreement: - Forming Closer Economic Relations with AUS & NZ *Exchange of Notes constituting an Agreement between the United Kingdom and China annexed to a Treaty relating to Chinese Customs, Tariff etc. Treaties & Agreements with other Countries: Importance of Trade -Trade is an important process
-Allows countries to import goods they cannot produce themselves (wider variety of goods for consumers)
-These relationships encourage peace, goodwill and mutual understanding
-Understandings can be achieved through treaties and agreements *Australia's Free Trade Agreements (FTAs) -negotiating free trade with other nations -freer trade -faster trade Global institute that aims to promote free and fair trade between nations.
The WTO:
-helps settle disputes and issues between member countries
-has developed a number of trade agreements
-has 149 member nations in 2006 (such as the Australia New Zealand Closer Economic Relations Trade Agreement) -In certain countries (such as Egypt) live animals, exported from Australia, are treated cruelly. Supporting others through Trade -Trading with poorer countries allows them to earn a source of income and strengthens their economy -However, if we trade at an unfair price/rate, it could be considered as taking advantage of their resources -Trading with countries with poor work ethics and standards, could be considered condoning those unfair behaviours and conditions. CASE STUDY Australia's Coal Trading with Japan 1996 stats WTO have settled over 400 international trade disputes since it was set up in 1995. they also bring issues to governments regarding trade and negotiate agreements and treaties , for example- Uruguay Round Protocol GATT 1996. The organization has managed to get 149 member nations on board, including third world countries who can use WTO as a way to have their voice heard. -The relations between Australia and Japan are expanding -Formed strong economic and commercial links (even including stretching to tourism and defence). -Japan is Australia's largest coal export
market (53% of Aus. coal
going to them) -Australia is world's largest coal exporter (approx. 29%)
-Japan is world's largest coal importer (approx. 26%) (like those portrayed in the Nike sweatshop clip) Think about how many products we import from sweatshops....
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