Question: "A bilateral free trade agreement between the USA and Australia is likely to be of only marginal benefit to Australian businesses." Evaluate this statement.

A Free Trade Agreement (FTA) surrounded by Australia and the joined States of the States (USA) appears to present a unique opportunity to advance the interests of Australian crinkle. However, to what extent would assoil tidy sum benefit Australia? An FTA superficially seems to liberty chit signifi assholet benefits to Australia in terms of participation and the blowup of Australian business outside(a)isticly. However, major foodstuff access barriers pose Australian exporters, particularly in the agricultural sector. A free trade agreement would aim to correct any obstacles. Areas of Australian business would be pursued freely in the US market - services, manufacturing, investment, electronic commerce, telecommunications, intellectual property rights, and the movement of people. It is through these sectors that a bilateral free trade agreement presents arbitrary and minus implications to Australian business. Australian businesses have had difficulties competing in the international marketplace. This can be linked to lack of diversification, domestic ineptness, high-ticket(prenominal) labour, deficient end product and inferior management. The Business Council of Australia recognises that in that location are barriers to the competitiveness of rangy Australian firms due to the centralised, ossified system of Industrial transaction (Frenkel, Peetz, 1990). A study undertaken by the APEC Study Centre showed that an FTA could extend an important role in attracting US investment into Australian businesses. An FTA would flow easily from layered security ties and would add, A stronger economic dimension to the security and otherwise links we share, (Howard, 2002) providing significant benefits in earnings. The emphasis on merchandise unprocessed goods has lowered engineering science bases, discouraging expert innovation (Hamilton, 1989, p.27). However, increased access to US markets through an FTA could encouragement trade - enhancing Austral ian business opportunities. An FTA would em! bolden additional external investment between the United States and Australia, adding employment to the investment flows between the two countries. Bilateral trade treaties can increase international industry... If you want to get a ample essay, order it on our website: OrderCustomPaper.com

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