In advancing our national security, the government has increased the kind of opportunities for Australia to be able to combat emergency issues such as people smuggling and the arrival of …show more content…
In a vastly globalised world, we now see international challenges that effect our domestic economic and social policies, as greatly as they do to our foreign, defence and trade policy, therefore Australia’s foreign and trade policies are a fundamental element in shaping our Economic prosperity. Through bilateral and diplomatic discussions in regards to economic agreements with China and Japan we have been able to create links with ASEAN and free trade agreements. In 2015 Australia closed off its free trade agreement with China, where barriers to trade were reduced such as taxes, tariffs and a treaty. This has been one of Australia’s major achievements in achieving its Economic prosperity especially because one in five Australian jobs depend on exports according to the RBA. Conversely, too often our Alliance and decisions with America harm our trade with China. The force Posture agreement in 2014 is one of many examples. By sending troops to Darwin to embark of military exercises in South China Sea, we are potentially alienating China who see’s America as a threat. We need to ensure we do not jeopardise our economic relationship with China as in terms of growth, China alone accounted for almost 80% of all Australian export growth in 2013-2014. Australia must remain focused on rapid economic changes, as it impacts many of our national interests, we need to do this