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Australia Trade Policy

In: Business and Management

Submitted By lisale297
Words 2471
Pages 10
Table of content 1. Executive Summary page 2

2. Introduction page 2

3. Present Trade Position page 3 3.1 Current Account Deficit page 3+4 3.2 Net Foreign Debt page 4+5 4. Australia’s Trade Policy page 5 3.4 Trade Liberalization and Protection in Australia page 6 3.5 The Australian Dollar page 6 3.6 SWOT (Strength, Weakness, Opportunities Cost and Threat) Analysis page7 3.7 CBA for Structural Reform page 8

4. Conclusion page 9

5. Recommendation page 9+10

6. Reference page 11

1. Executive Summary
The purpose of this report was to analysis present of Australia’s trade position and prepared a plan for improving Australia’s position. Specific objectives were to identify key economic problems in term of trade and current account. Problems and solutions were found in the trade and current account though Carbon tax with high Australian dollar is likely to force radical structural reform on the economy and the manufacturing. The report recommends using structural reform to improve Australia’s trade position. Furthermore, Carbon tax initially acts against competitive international trade. In the long term, it can offer solutions to the two sector economy. 2. Introduction Since the onset of the East Asian economic and financial crisis in late 1997 the Australian economy has continued to record strong growth, despite many of Australia’s Asian major trading partners (MTPs) experiencing recession and a consequent slowdown in world economic growth. Therefore, this report will prepare a plan for improving Australia’s trade position and will focus on four areas: • Recommendations to improve Australia’s trade position • Identification of issues in the current trade environment which need...

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