Australia's Free Trade Agreements (HSC SSCE Economics): Flashcards
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Trade agreement between two countries
Trade agreement between two countries
Bilateral agreement
Trade agreement between multiple countries
Trade agreement between multiple countries
Multilateral agreement
Year ANZCERTA was established
Year ANZCERTA was established
1983
Year AUSFTA became operational
Year AUSFTA became operational
2005
AUSFTA trade change 2005-2020
AUSFTA trade change 2005-2020
Two-way trade nearly doubled
KAFTA trade increase 2015-2019 (%)
KAFTA trade increase 2015-2019 (%)
Over 40%
When A-UKFTA came into force
When A-UKFTA came into force
May 2023
Cost to collect 1 dollar of tariff revenue
Cost to collect 1 dollar of tariff revenue
59 cents to AUD 1.57
RCEP coverage of global GDP & population (%)
RCEP coverage of global GDP & population (%)
30%
AANZFTA population coverage (million people)
AANZFTA population coverage (million people)
Over 692 million