Australia's Free Trade Agreements (HSC SSCE Economics): Quizzes
📚Quizzes
Practise the questions
10 questions from this quiz
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Practise the questions
10 questions from this quiz
What distinguishes bilateral from multilateral trade agreements?
What distinguishes bilateral from multilateral trade agreements?
Bilateral involves 2 countries, multilateral many
When was ANZCERTA, Australia's most comprehensive bilateral agreement, established?
When was ANZCERTA, Australia's most comprehensive bilateral agreement, established?
1983
Since when has AUSFTA been operational?
Since when has AUSFTA been operational?
2005
What is the United States' ranking as Australia's trading partner?
What is the United States' ranking as Australia's trading partner?
Second-largest
Under KAFTA, tariff-free exports rise from 84% to what percentage over 20 years?
Under KAFTA, tariff-free exports rise from 84% to what percentage over 20 years?
99%
When did the Australia-United Kingdom Free Trade Agreement come into force?
When did the Australia-United Kingdom Free Trade Agreement come into force?
May 2023
AANZFTA, enacted in 2010, was Australia's first what?
AANZFTA, enacted in 2010, was Australia's first what?
Major multilateral agreement
What percentage of global GDP and population does RCEP cover?
What percentage of global GDP and population does RCEP cover?
30%
What does collecting tariffs cost per dollar of revenue raised according to the Productivity Commission?
What does collecting tariffs cost per dollar of revenue raised according to the Productivity Commission?
59 cents to AUD 1.57
In the 2018 PwC study, what percentage of Australian businesses used FTAs when importing?
In the 2018 PwC study, what percentage of Australian businesses used FTAs when importing?
78%