Business-Government Trade Relations in Australia
No Special Economic Zones
Australia is a very open, diverse, and competitive country that has a centralized location, making it a great country to trade with. Australia’s largest exports are mostly resource-based, including minerals and fuels like iron ore and coal. The country also exports many other goods and services, such as education, tourism, beef, dairy, wheat, and pharmaceuticals. However, although Australia’s international trade is very successful, it does not have any special economic zones in the country.
Special economic zones are a method of stimulating economic activity, encouraging investment, and attracting workers. There are many examples of these throughout the world as well as many different types of these special economic zones—including free trade zones, export processing zones, enterprise zones, single factories, freeports, and specialized zones. …show more content…
For example, Australia has created the Australian Anti-Dumping Commission to “investigate alleged dumping and subsidization of goods imported into Australia and imposes duties to address material injury to the Australian Industry that manufactures similar or the same goods” (Department of Industry, Innovation, and Science, 2015). The work of the Commission complies with rules of the World Trade Organization and Australian legislation. Australia also has many policies set to develop and assist Australian businesses that are involved in international business and trade. There are very specific restrictions and specifications on different types of imports, which makes it difficult and inconvenient to import (Australian Trade Commission, 2012). These regulations are in place to deter people in Australia from importing and instead encourages people to buy from inside the
No Special Economic Zones
Australia is a very open, diverse, and competitive country that has a centralized location, making it a great country to trade with. Australia’s largest exports are mostly resource-based, including minerals and fuels like iron ore and coal. The country also exports many other goods and services, such as education, tourism, beef, dairy, wheat, and pharmaceuticals. However, although Australia’s international trade is very successful, it does not have any special economic zones in the country.
Special economic zones are a method of stimulating economic activity, encouraging investment, and attracting workers. There are many examples of these throughout the world as well as many different types of these special economic zones—including free trade zones, export processing zones, enterprise zones, single factories, freeports, and specialized zones. …show more content…
For example, Australia has created the Australian Anti-Dumping Commission to “investigate alleged dumping and subsidization of goods imported into Australia and imposes duties to address material injury to the Australian Industry that manufactures similar or the same goods” (Department of Industry, Innovation, and Science, 2015). The work of the Commission complies with rules of the World Trade Organization and Australian legislation. Australia also has many policies set to develop and assist Australian businesses that are involved in international business and trade. There are very specific restrictions and specifications on different types of imports, which makes it difficult and inconvenient to import (Australian Trade Commission, 2012). These regulations are in place to deter people in Australia from importing and instead encourages people to buy from inside the