Modelling North Asian FTAs

Summary

Australia’s agricultural industries are highly reliant on export earnings. Trading partners signing free trade agreements with other agricultural producing countries may result in displacement of Australian agricultural products and therefore threaten Australia’s export earnings. This project seeks to quantify the potential benefits that could arise from securing free trade agreements with north Asian countries (Korean, Japan and China) and the EU, key importers of Australian agricultural products. The project will be conducted through literature reviews, data collection, detailed economic modelling and other analysis. The implications of the findings for the future of Australia’s agricultural industries will be discussed, and priorities for Australia’s trade negotiations highlighted.

Program

National Rural Issues

Research Organisation

Centre for International Economics

Objective Summary

This project aims to provide estimates of the potential economic impacts of Australia not pursuing free trade agreements with three major North Asian countries (China, Japan and South Korea) and the European Union while competitor countries do (such as the United States). The project will seek to understand the implications of not instigating free trade agreements by examining the impact of free trade agreements on trade flows, investment flows and welfare over time. Analysis will be focused on agricultural industries and two other export oriented industries.

Project Code

PRJ-008820

Project Stage

Closed

Project Start Date

Sunday, September 30, 2012

Project Completion Date

Thursday, May 30, 2013

Journal Articles From Project

Not Available

National Priority

Safeguarding Australia

National Priority

Advanced Technology

National Priority

NRI-National Rural Issues

Contact

Related publications

11.02.14

The impact of free trade agreements on Australia - A model-based analysis