Trade Policy in Australia: Assessing the Impact on Economy & Industry

This presentation provides a comprehensive analysis of Australia's trade policy, characterizing it as liberal and reformative with minimal trade restrictions and a focus on free trade agreements. It explores the policy's positive and negative impacts on the Australian economy, industry, and employment. Positive economic impacts include reduced costs and better global market access, while negative impacts involve exchange rate fluctuations and increased competition for domestic businesses. The trade policy has led to increased employment opportunities but has also reduced industry wages and increased global influence over employment conditions. While the policy offers growth opportunities to the industry by global access and reduced trade barriers, it also favors foreign investors, potentially discriminating against domestic industries. The presentation concludes that the trade policy has had a more positive impact on the industry and the economy than on employment, highlighting the ongoing adjustments and reforms in response to the dynamic global environment. Desklib is a valuable resource for students seeking similar solved assignments and study tools.

Trade Policy
Of Australia

Table of Contents
• Introduction
• Trade Policy of Australia
• Impact of Policy on Economy
• Impact of Policy on Industry
• Impact of Policy on Employment
• Conclusion
• References

Introduction
• The presentation discusses about the
• Trade Policy of Australia.
• The presentation will discuss the impact of trade
policy over the following:
• Economy
• Industry
• Employment
• The presentation will converse over
the positive and negative impact.

Trade Policy Of
Australia
• The Australian trade policy is a liberal and
reformative .
• The trade policy exercises minimum trade
restrictions.
• It has adopted a free trade agreement.
• The policy has regulated the anti-dumping
measures.
• The policy has implemented major
protections for foreign investors.

Continue
• The trade policy entails investor-state dispute
settlement.
• In this settlement measures for resolving conflict
and dispute are stated.
• The policy negotiates to reduce various non-tariff
and tariff barriers towards the trade in the
country.

Impact on Economy
POSITIVE IMPACT
• Reduction in the costs of labor, raw material and
other resources.
• The policy has strived to provide better accesses
in the global market.
NEGATIVE IMPACT
• The dynamic global environment has rendered
the fluctuation in the exchange rates.
• Less restriction over the trades has caused cut
throat competition to the domestic business.

Impact on
Employment
POSITIVE IMPACT
• With the introduction of free trade agreement the
employment level has increased tremendously.
• More trade has facilitated new job opportunities and
business investments.
NEGATIVE IMPACT
• Trade policy of Australia has reduced the industry wages
and premiums.
• The global involvement has increased the influence over
the employment conditions and requirements.

Impact on Industry
POSITIVE IMPACT
• The trade policy has provided with ample growth
opportunities to the industry by global access.
• The policy has benefited the industry by reducing
the trade barriers and investment restrictions.
NEGATIVE IMPACT
• The trade policy has given major reforms for the
protection of foreign investors.
• This has generated discrimination between the
domestic and foreign industries.

Conclusion
• The presentation concludes with
identifying the trade policy of Australia to
be liberal.
• The policy has many reforms for the
reduction of trade barriers.
• The policy has altered the regulation
according to the dynamic environment.
• The policy has witnessed more positive
impact over the industry and the economy
rather than the employment.

References
• Thompson, G., Murray, T., and Jomini, P., 2012.
Trade, Employment and Structural Change: The
Australian Experience, OECD. Policy Priorities For
International Trade And Jobs.
• Matusz, S.J. and Tarr, D.G., 2017. Adjusting to
trade policy reform. In Trade Policies for
Development and Transition (pp. 77-114).
• Matsushita, M., Schoenbaum, T.J., Mavroidis, P.C.
and Hahn, M., 2015. The World Trade
Organization: law, practice, and policy. Oxford
University Press.