International Trade and Business Enterprise

Running Head: International Trade and Business Enterprise
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International Trade and Business Enterprise
9/20/2018

International Trade and Business Enterprise 1
Executive Summary
Australian Trade policy is very important to the Australian economy, stimulate the
competitiveness, and continue to improve the wellbeing of Australians by supporting
economic development and innovation in the future. They implement certain agreements that
remove tariff and non-tariff barriers and facilitate stronger connection with industries such as
automobile and textile. The provisions in trade agreements provide a mechanism for foreign
investors to reduce and eliminate trade barriers and enhance the economy. It will bring
certain positive and negative impacts by which these industries are affected. Further points
have been discussed as to how trade policy has affected companies and their positive and
negative effects.

International Trade and Business Enterprise 2
Contents
Executive Summary...................................................................................................................1
Introduction................................................................................................................................3
Trade policy affected industries.................................................................................................3
Positive aspects.......................................................................................................................5
Negative aspects.....................................................................................................................7
Conclusion..................................................................................................................................9

International Trade and Business Enterprise 3
Introduction
The Australian Government's make the vision for the industry is to maintain a prosperous,
sustainable and innovative trade policy to help customers in trading and manufacturing.
They provide an opportunity to everyone to make the industry grow and sustain in future,
International trade give assistance to the accomplishment of that vision by enhancing
efficiency and international competitiveness, producing a high-skill personnel and
maintaining national prosperity (Thow et al., 2015).
With these goals keep in mind, the Government's trade policy has initiated the declaration
stated as trading our way to give employment and improve success, unconfined by the
Minister for Trade and Competitiveness Dr. Craig Emerson on 12 April 2011. The
Australian Government will continue to follow the market access for Australian exporters
in international markets. The number one priority is to accomplish multilateral trade
consequences through the World Trade Organization (WTO). At the provincial level, the
Australian Management will continue to chase trade liberalization through APEC and other
provincial trade agreements. They will also pursue high quality, wide-ranging bilateral free
trade agreements, where these will assist both Australia and our trading associates and are
helpful to global trade liberalization. Australia's trade policy goal is to promote open
markets, improved trade liberalization, and increased investment. The Government's
objective is to position the economy to be well organized, highly competitive, and
concentrated on capturing opportunities accessible in our region. It began to decrease its tariff
involving in its major protected industries such as automobiles and textiles in the 1980s. The
Australian economy had since gained the rewards of tariff reduction through reduced prices
of imported business inputs, improved sustainability and productivity, and enhanced
international competitiveness. It has a major stake in preserving a strong and open world
trading system. The successful launch of the Doha Development Round was Australia’s top
trade policy initiative (Handley, 2014). In the following report and effort has been made to
discuss the industries affected by it, positive and negative aspects.
Trade policy affected industries
Trade policy is affecting the automobile industry as it gained the massive support from the
Australian government in the form of tariff and non-tariff barriers. The Australian automobile
industry has currently undergone substantial tariff reform (Du, Hu, Song, 2016). It has been