Flashcards
Multi-lateral agreements
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- 1Multi-Lateral trade agreementsASEAN Australia-New Zealand FTA 96% of tariffs have been reduced between member nations (2013). This agreement allowed for extensive tariff reduction and provided greater certainty for service suppliers and investors through increased legal protection. This has allowed for growth within the Australian economy and an increase in trade between these nations (15% of the share of trade, 2013).
TPP Accounts for a third of world trade (2015). This agreement will allow Australia access to the growing middle class in the Asia-Pacific region. This is because it will allow for increased access for the financial services industry to export markets and allow for Australian firms to move staff overseas more easily. Also trade barriers for dairy exports to the USA have been removed significantly.
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- Higher School Certificate(HSC ) topic two economics Flashcards on Multi-lateral agreements, created by Ayman Shaukat on 08/08/2016.
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- Ayman Shaukat
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