Economics essay David Wilson. Why and how does Australia pursue policies to promote free trade? What are the benefits to Australia from free trade? What role does the WTO play in liberalising trade? Free trade can be defined as a situation where there are no artificial barriers to trade imposed by either governments or international organisations. Australia is actively pursuing free trade through unilateral, bilateral and multilateral agreements, which are designed to bring about the …
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showed last 75 words of 2070 total
…seen that these free trade forums have stalled and that this has redirected Australia's push for trade liberalisation on a bilateral level through free trade agreements, evidenced in ANZCERTA,and the pending agreement with Singapore. This trade liberalisation can be seen to be pursued because of the long term benefits to the individual; wider range, cheaper prices, to the firm; greater efficiency and specialised market, and to the economy: the reduction in CAD. ------------------------------------------------------------------------ **Bibliography**