TRADE QUESTIONS
Definitions
Trade Liberalisation - Trade liberalisation is basically removing restrictions so nations can trade for free. So there wouldn’t be any charge (surcharge,licensing) to move one item from australia to china. The cons would be affecting local companies because they would be forced to lower the price of their products because of cheap products coming in from other countries.
Unilaterally - Unilaterally means doing activities without someone’s permission who it might affect. Example: A kid might use his dad’s money to buy him a new car, without asking him for a new car. You won’t normally come across this word unless it’s associated with the news or government. It’s considered as unilaterally if government takes a big action without consulting with anyone.’
Bilaterally - …show more content…
Example: Government takes tax from everyone not just one person. That’s a bad Multilaterally action, but there can also be good actions.
Free Trade Agreements- Free trade agreements are something between 2 countries when each country signs a contract, which involve trying their best to remove trading barriers and trade more often which has good and bad reasons, stated above.
Australia has a very open market with minimal restrictions on imports of goods and services. How does this positively affect our country ?
It affects our country greatly because other countries will willingly want to trade with Australia which will bring our stocks up as well as provide cheaper, better products for people within Australia.
What countries does Australia have FTA with?
The countries that australia currently has free trade agreements are, Japan, Republic of Korea, China, Singapore, New Zealand, Chile, United States, Association of South East Asian Nations and Malaysia. And many more countries are likely to also join with the free trade agreements.
What is the
Definitions
Trade Liberalisation - Trade liberalisation is basically removing restrictions so nations can trade for free. So there wouldn’t be any charge (surcharge,licensing) to move one item from australia to china. The cons would be affecting local companies because they would be forced to lower the price of their products because of cheap products coming in from other countries.
Unilaterally - Unilaterally means doing activities without someone’s permission who it might affect. Example: A kid might use his dad’s money to buy him a new car, without asking him for a new car. You won’t normally come across this word unless it’s associated with the news or government. It’s considered as unilaterally if government takes a big action without consulting with anyone.’
Bilaterally - …show more content…
Example: Government takes tax from everyone not just one person. That’s a bad Multilaterally action, but there can also be good actions.
Free Trade Agreements- Free trade agreements are something between 2 countries when each country signs a contract, which involve trying their best to remove trading barriers and trade more often which has good and bad reasons, stated above.
Australia has a very open market with minimal restrictions on imports of goods and services. How does this positively affect our country ?
It affects our country greatly because other countries will willingly want to trade with Australia which will bring our stocks up as well as provide cheaper, better products for people within Australia.
What countries does Australia have FTA with?
The countries that australia currently has free trade agreements are, Japan, Republic of Korea, China, Singapore, New Zealand, Chile, United States, Association of South East Asian Nations and Malaysia. And many more countries are likely to also join with the free trade agreements.
What is the