Trade deal with China was always useless, despite what our leaders wish us to believe

November 30, 2020 Crikey 0 Comments

Australia’s trade agreement with China — it’s not a free trade agreement (FTA), despite Coalition claims to the contrary — was borne of Tony Abbott’s desperation to appear to have an economic policy.

Having been elected on the basis of all the things he’d stop — boats, climate action, deficits — he turned to “free trade agreements” with a number of regional countries as a facade of a positive economic policy.

Such bilateral trade agreements produce little economic benefit, as the Productivity Commission (PC) has long pointed out — and certainly nothing like the absurd claims made for them by politicians. Read More.

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