Fta Impact On Australia

FTA’s allow Australia to trade more freely with other countries, e.g. a bilateral free trade agreement allows two countries to trade freely with limited tariffs. FTA’s will help Australia do more than just trade with other countries in goods. FTA’s allow trade in things like services, goods, etc... FTA’s will also encourage tourism and thus cultural exchanges between the countries involved in the FTA.

By allowing Australia to trade more freely with other countries FTA’s will help boost Australia’s economy. FTA’s will allow Australia to import goods that it is lacking in and export goods that it is rich in e.g. natural resources like coal. This will allow Australia to make more money and become more economically stable as a whole. Although