Premium Essay

Why Is Free Trade Important For Australia

Submitted By
Words 129
Pages 1
An important foreign policy for Australia is free trade. For example, free trade helps us foster freer trade flows correctly. Free Trade Agreements don't just eliminate tax imports. Free Trade Agreements can increase Australia's productivity. Free Trade Agreements promote regional economic integration and build shared approaches to trade and investment, including through the adoption of common Rules of Origin and through broader acceptance of product standards.FTAs can enhance the competitiveness of Australian exports in the partner market, and add to the attractiveness of Australia as an investment destination.FTAs can deliver enhanced trading opportunities that contribute to the sustainable economic growth of less-developed economies.FTAs

Similar Documents

Premium Essay

Free Trade In Australia Essay

...Australia has a free trade agreement with New-Zealand and Japan. These two countries are very close to Australia which make it easier to trade and they are complimentary countries which means that they complete each other’s productions. ASEAN is the agreement that was created and agreed on in January 2010. In 2015, New-Zealand spent 120.0 billion of trading. The main reasons why the agreement happened was to eliminate the tariffs and lower transaction cost. Japan-Australia Economic Partnership Agreement (JAEPA) was created in April the 7th and signed in Canberra July 8th 2014, but started being used January the 15th in 2015. It is for Japan the best trade agreement ever concluded. The reason why they were established was mainly so the countries could trade with lower or no tariffs at all, it could increase the number of jobs and more. a. ¬¬¬¬¬¬¬Free trade doesn’t only have positive impacts, it also has negative impacts. All countries are different, they can be similar. For New-Zealand, the positive are relationship stronger. That the trade between Australia and Nez-Zealand develops under fair competition conditions. It will allow Australia and New-Zealand’s barriers trade to be eliminated. In...

Words: 467 - Pages: 2

Free Essay

Build International Business Network

... Marcos Vinicius Steluti Gulin PROCEDURE 1.a The country that I chose to import products into Australia was Brazil. The area field was food and the product is the acai berry. PRODUCT The fruit, commonly known as açaí berry, is a small, round, black-purple drupe about 1 inch (25 mm) in circumference, similar in appearance to a grape, but smaller and with less pulp and produced in branched panicles of 500 to 900 fruits. In the general Brazilian consumer market, açaí is sold as frozen pulp, juice, or an ingredient in various products from beverages, including grain alcohol, smoothies, foods, cosmetics and supplements. In Brazil, it is commonly eaten as Açaí na tigela (acai in the bowl). Information taken from: http://en.wikipedia.org/wiki/A%C3%A7a%C3%AD_palm DRIVERS OF CHOICE The reason for choosing the acai product for import into the Australian market, are: 1- Australians generally care about health and has an interest in natural products. 2- The climate of Australia is hot, making the product suitable for the Australian market. 3- Acai is an original product of Brazil, which makes it interesting and new to the Australian public. The purpose of business is to buy fruit and turn it into finished product, packaged and prepared for consumption in Brazil. And soon after that industrialization, sends him to Australia by refrigerated containers. The great strength of the business is the low cost of fruit, labor and product...

Words: 3726 - Pages: 15

Free Essay

Business Plan

...shopping center: shop at the number 141 in Collins Street: Why? KPMG (Business District) Louis Vuiton at 139 Mont Blanc at 201 Hotel Premium So we are dealing with two types of customers: the "fashion" or wealthy individuals Working poeple hotel ( tourisum) Our target is an M / W lovers of Biological food, fashion or /and Working. Free standing location We rent a way , not need parking What size? 215m2 (includes the kitchen where we made juices , the counter in the basement kitchen and toilet) A room for tables and mini bar : 60m2 mini presentation bar + kitchen : 40m2 A down room in order to make the preparation and the "stock room": 95m2 toilet : 8m2 Our Cojean is a kind of "salon de thé ". So closed at 19 «o» clock. We can take his breakfast, eat lunch and we are "nibbling" the afternoon Collins is a corner where there is transition, hotels and shops. Thus Cojean remain open on weekends All day Saturday 9h-19h and Sunday 11h30-19h The store will be the same as Cojean Haussmann boulevard with large windows. Advantages: Closed in Winter, open in summer without necessarily having a terrace Opening a French franchise in Australia. All these advantages and a clear and transparent legal framework make Australia an ideal platform for French companies wishing to relocate in the Asia Pacific. Today, more than 250 subsidiaries of French companies operating in Australia. These companies employ some 70,000 employees in France...

Words: 591 - Pages: 3

Premium Essay

Shareable Apps

...MARKETING SOLUTIONS AMPLIFIER AGENCY INTERNATIONAL EVALUATION – SHAREABLE APPS Contents 1.0 Introduction ................................................................................................................................ 3 1.1 Overview of Amplifier Agency ...................................................................................................... 3 1.2 International Business Objectives ................................................................................................. 3 2.0 International marketing opportunities ............................................................................................. 5 2.1 International Trade Patterns......................................................................................................... 5 2.2 International Marketing Trends .................................................................................................... 9 Smart Phone and Android Market Analysis .................................................................................... 9 2.3 International business opportunities .............................................................................................. 12 2.3.1 Country assessment ................................................................................................................. 12 USA ................................................................................................................................................ 13 Singapore...

Words: 12019 - Pages: 49

Free Essay

Pacific Century

...NATIONAL OPINION POLL: CANADIAN VIEWS ON ASIA © Copyright 2014 Asia Pacific Foundation of Canada TABLE OF CONTENTS ABOUT THE ASIA PACIFIC FOUNDATION OF CANADA _________________________________________________ 2 ABOUT THE NATIONAL OPINION POLL: CANADIAN VIEWS ON ASIA ________________________________ 2 METHODOLOGY KEY FINDINGS ___________________________________________________________________________________________ 2 ____________________________________________________________________________________________ 3 EXPLAINING CANADIANS’ VIEWS ON ASIA DETAILED FINDINGS ___________________________________________________________ 7 ____________________________________________________________________________________ 17 SECTION 1: PERCEPTIONS OF ASIA __________________________________________________________ 17 SECTION 2: VIEWS OF CANADA-ASIA ECONOMIC RELATIONS ____________________________ 23 SECTION 3: PROVINCIAL PERSPECTIVES ON CANADA-ASIA RELATIONS _______________ 31 SECTION 4: CANADA-ASIA ENERGY RELATIONS ___________________________________________ 35 SECTION 5: PROMOTING HUMAN RIGHTS IN ASIA ________________________________________ 39 SECTION 6: CANADA-ASIA SECURITY ISSUES ______________________________________________ 41 SECTION 7: DEMOGRAPHIC FINDINGS ______________________________________________________ 43 APPENDIX: READING THE TABLES _____________________________________________________________________ 49 NOP 2014...

Words: 16362 - Pages: 66

Premium Essay

Free Trade Agreement Between Australia and China

...Executive Summary Traditionally, Australia-China trade & economy was simple. Australia met the demand for raw material for China’s manufacturing & China exporting back to Australia its finished manufactured goods. Thus China-Australia became each other’s largest trading partners. Now that China’s economy is affected, less spending on infrastructure the demand has shifted from raw materials & commodities to other specialized manufactured equipment, services like health, education, financial, engineering, agriculture etc. for which Australia has to change gears to gain distinctive advantage to its other competitors. However in Chinese economy there still exists substantial market for Australian commodities, such as wool, wines, wheat, minerals & iron ore, as Australia has advantage of nearness by sea for the shipping lines. The Free Trade Agreement is a win-win situation as Australia can easily meet the changed needs of Chinese for sophisticated medical goods & services in Health, Social Security, Human Resources, Banking, Education, Legal, Agriculture, Winery & Dairy. China’s economic woes & slowdown in addition to general economic slump has impacted Australia hard, specially the mining cum trading houses at present. This impact is not limited to just Australia but whole of Asia-Pacific, lain America & Canada. Thus to conclude, there are some positives about the Australian economy as GDP growth is up from the last year & China needs Australia, as it shall always need trading...

Words: 3602 - Pages: 15

Premium Essay

Market Economy

...antitrust laws, preserving property rights, providing a stable fiscal and monetary environment and preserving political stability. Also the report will cover why there can never be a truly ‘free market’ economy, where there is absolutely no government intervention. Market Economy In a market economy, the majority of a nation’s land, factories, and other economic resources are privately owned, either by individuals or businesses (Wild, Wild & Han 2010:151). It is also an economy in which prices of goods and services are freely set based on the laws of supply and demand which are unfettered by interference from a government or other outside bodies. A market economy at its basic is an economy run entirely by the market itself (McGuigan 2003:1). In contrast to a market economy is one which follows the Keynesian principals which is an economic theory which advocates government intervention, or demand side management of economy by increasing money supply or by actually buying things on the market itself, they believe that this will achieve full employment and stable prices (Web finance 2010:1). Market economy has come to be accepted as a norm across the world with many developing countries like India and China moving towards a full market oriented economy (economy watch 2010:1). The social democratic government of Australia adopted the principals of market economy after the financial deregulation, privatisation and public sector reform in the 1980s (Quiggin 1998:76). However there...

Words: 1842 - Pages: 8

Premium Essay

The Pacific Alliance, Free Trade Agreement

...1. Mexico has always portrayed itself as one of the most pro-trade countries in the world. For instance, we have a free trade agreement with the United States and Canada, and another one with the European Union. We are active members of the WTO, the OECD, the APEC, the Pacific Alliance, and have also signed multiple bilateral agreements with many nations, most of them deemed “strategic”. Answer the next two questions in your own words: a. What are the potential costs and benefits of adopting such a free-trade strategy? The benefits when a country trades freely with other nations, consumers in that country have access to a wider variety of products. Some of these products may not otherwise be available if the consumers were limited to domestically manufactured goods. Or these products may be prohibitively expensive without a free trade arrangement. Also can boost the quality of life along the countries' shared border. This is the case with the Texas-Mexico border. After the creation of NAFTA, the area servicing the transfer of goods between the U.S. and Mexico experienced an economic boom. Five years after the free trade agreement, John Adams Jr., vice chairman of the Industry Sector Advisory Council, noted that this border area was growing economically at a faster rate than any other region on the planet. And the potential costs U.S. exports tend to create jobs in this country, but increases in imports tend to reduce jobs because the imports displace goods that...

Words: 1590 - Pages: 7

Premium Essay

The Tpp and China

...sETON HAL UNIVERSITY | The TPP and China | Global Business Environment | Richard J. Hunter | Yixiao Liang | 2016/4/5 | On October 5, 2015 (Participating nations aimed at completing negotiations in 2012, but contentious issues such as agriculture, intellectual property, and services and investments prolonged negotiations. They finally reached agreement on October 5, 2015), the United States, Japan and ten other countries concluded negotiations on the Trans-Pacific Partnership (TPP). It is the largest regional trade accord in history and one that does not include China-----the TPP is the centerpiece of the U.S “rebalance” to the Asia-Pacific, and its twelve members account for 35 percent of global trade. China appears to currently have enough international economic negotiations on the table to keep it occupied, and it is unlikely that it is really concerned about the TPP. A No China Club China was invited to join the TPP by Hillary Clinton in 2012. While China has long stated that it is willing to consider joining the Trans-Pacific Partnership (TPP), the world’s second-biggest economy was not included in the agreement. From its inception, some have speculated that China would not join the bloc because it is a “high standards agreement,” even speculating that this was put in place to lock China out of the agreement. It is also assumed that the TPP have used specific rules and guidelines to prevent China's involvement, presumably due to its negative impact on the WTO and that...

Words: 1459 - Pages: 6

Premium Essay

Corruption and Integrity

...Abstract Corruption and corporate and personal integrity is becoming a major problem in the global economy we live in today. Corruption is defined as the abuse of entrusted power for private gain. Numerous national and multinational companies face serious cultural problems including corruption and integrity issues. Today there are many reasons as to why corruption and lack of integrity is harmful to so many countries. Corruption affects a countries politics, economy, society, and overall environment. When the counties leadership is lacking integrity, than a corrupt country cannot develop, which causes the country to become even more corrupt. In addition, the corrupt countries economy suffers with the potential depletion of their national wealth. However, the damage of corruption on society is most damaging of all. Country corruption and unethical behavior diminishes trust in the government, politics, and leadership of their country. This in turn creates the potential for more unethical behavior and corruption in that society. Overall, the environment of that country suffers and only creates a domino effect of more unethical behavior and corruption across the spectrum. Haiti has been ranked as one of the most corrupt country in the World by Transparency International. Once a tourist’s attraction, Haiti was one of the most beautiful mountainous countries of the Caribbean Islands now it is pledge by corruption and a government that lacks moral and integrity. It...

Words: 2141 - Pages: 9

Premium Essay

Research Methodology

...Would free trade agreements improve international trade by encouraging foreign direct investments and opening new markets (Name) (University) Table of contents 1 Introduction……………………………………………………………………………………...3 2 Literature review………………………………………………………………………………..3 2.1 The Changing Landscape of Regional Trade Agreements ……………………………...……3 2.1.1 Introduction………………………………………………………………………………….3 2.1.2 Evolution of the RTAs Landscape………………………………………………….……….4 2.1.3 Conclusion………………………………………………………………………………...6 2.1 Integrating Free Trade Agreements and the politics of Free trade Agreements…………….7 2.2.1 Introduction…………………………………………………………………………………7 2.2.2 MENA Region………………………………………………………………………………8 2.2.4 Conclusion………………………………………………………………………………...9 2.3 Arab Free Trade Area: Potentialities and Effects and the Impact of regional Trade Agreement and Trade Facilitation in the Middle East North Africa region…………………….10 2.3.1 Introduction………………………………………………………………………………..10 2.3.2 The Past……………………………………………………………………………………11 2.3.3 Conclusion…………………………………………………………………………………13 2.4 The North American Free Trade Agreement:Economic impacts of the agreement on United States of America and Mexico in comparison…………………………………………………14 2.4.1Introduction………………………………………………………………………………..14 2.4.2 About NAFTA……………………………………………………………………………15 2.4.3 Conclusion ……………………………………………………………………………….16 2.5 Effects of changes to USA-Korea Free Trade Agreements[FTA] On The Passenger Vehicle sector……………………………………………………………………………………………17...

Words: 13200 - Pages: 53

Free Essay

International Management

...International Management Research Report – Group EXECUTIVE SUMMARY The economic situation in Asian countries has been rising for the past few decades due to the large number of young productive population, investment of youth education and development of technologies in Asian countries. Therefore, most western countries, including Australia, are attracted to invest in Asian countries as their manufacturing base and export destination. Consequently, the rapid development of economy in China and other Asian countries has encouraged U.S and European Union to form a free-trade alliance in order to keep them as the market leader in the world economy. Hence, the trade between borders would be a lot easier and more companies will be encouraged to go international. Hence, global and intense competition in a worldwide scope will be created. By taking into account of those two events, this report will discuss the issues that are potentially faced by organizations which operate internationally, which is drawn by articles from Bartlett and Ghoshal. However, due to the limitation, the report will only discuss four major issues, The first issue will discuss about how companies create transnational companies. It is believed that businesses often fail operate internationally due to the incapability of fulfilling the needs for global integration, differentiation and innovation spreading simultaneously (pg. 7). The second issue will discuss about the implications in managing relationship...

Words: 4347 - Pages: 18

Premium Essay

Disney Australia

...Company Analysis The Walt Disney Company has been in the entertainment business for more than 80 years and is well recognized around the world as one that delivers an exceptional entertainment experience. Walt Disney Company strengths can be grouped in three main categories: 1) diversified distribution channels, 2) strong brand portfolio, and 3) financial strength. Despite Walt Disney’s success, the company has some declining segments in their domestic business. In addition, Disney’s biggest challenge in creating theme parks and resorts abroad is their inability to tailor the attractions to the local market while maintaining Disney’s brand image. In the past, international theme park implementations, Disney had failed to adapt their strategies to the local market. Therefore, Disney’s weaknesses can also be also grouped in three categories: 1) declining segments, 2) difficulty adapting to other cultures, and 3) weak managerial skills in terms of international operations. Diversified Distribution Channels Disney has a strong diversified distribution channel. The company operates by four strategic business units (SBU): 1) Media Networks and Broadcasting, 2) Parks and Resorts, 3) Studio Entertainment, and 4) Disney Consumer Products (Banton, 2007, p.31). The Media Network segment comprises of all broadcast television network, television production and distribution operations, television stations, cable networks, broadcast radio, publishing and digital operations (“Fiscal Year...

Words: 10501 - Pages: 43

Premium Essay

Sam the Film Maker

...mel@onelouder.com.au The Arts Law Centre of Australia. THE LAW What is the Law ? The law is a system of rules organising the rights, obligations and responsibilities in, or members of, a sovereign state. A cultural institution – an invention of the people. Youtube – introduction to Australian law. (shenanigans videos) Functionally, the law is a system of rules recognised and applied by the courts. The state must enforce the orders of the courts; the law exists, ultimately, only because the state will enforce it. CRIMINAL LAW. - Criminal Charges are laid by Police or the DPP CIVIL LAW - All other areas of the law that covers disputes between citizens. e.g. intellectual property, family law. THE NATURE OF LAW Theoretically why does the law exist ? To protect basic human rights: Note: Australia has no bill of rights unlike the US the UK and others. To aid in the resolution of conflicts. To promote fairness, order and stability in society. To promote desirable social and ecconomice behaviour (capitalist democracy) * concepts such as morality and justice influence the law but do not determin it. To represent the “will of the people” (through voting in referendums). ENTERTAINMENT (AND MEDIA) LAW AND LAWYERS. Record or publishing agreements related to music and other assignable licensable works under the copyright act 1968. Film production agents. Trade mark patent, or design applications mad to IP Australia Negotiations between artists and...

Words: 3601 - Pages: 15

Premium Essay

Marketing Comparison

...Marketing Comparison: International and Domestic Australia and the United States Marketing Comparison: International and Domestic Australia and the United States As defined by the American Marketing Association,'Marketing is an organizational function and a set of processes for creating, communicating, and delivering value to customers and for managing customer relationships in ways that benefit the organization and its stakeholders' (AMA, 2004, 2). The definition is applied to any product, business firm'in any targeted country. Marketing is the core of any business venture. Two basic functions are derived from marketing: 1) to retain and sustain present customer base, and 2) to develop new and/or improved customer relations. Focusing on these two aspects is the essence of marketing. The plan for why, whom, how, and when'surrounding the product, service, or idea' all develop and stem from marketing ideas and concepts. Marketing is a process, a plan developed to identify, foresee, and satisfy customer needs and desires'no matter the product or service, the business, or the country. Whether the market is a domestic or international venue, marketing activities are essentially the same; however, must be tailored to the unique attributes of the product and the country of target. Mercadeo es un proceso, un plan desarrollado para identificar, prever y satisfacer las necesidades y deseos de los clientes, sin importar el producto o servicio, el negocio o el país. Ya sea...

Words: 1929 - Pages: 8