... domestic industries competitive) are sectors such as motor vehicle and textile, clothing and footwear (TCF). These industries have a fixed low tariff level between 2000 - 2005, to allow them to restructure and become more internationally competitive. Australia's tariff reduction levels have gone way below those required by international trade agreement such as WTO agreement and the APEC. Australia in the last decades has shifted towards bilateral agreements with major trading partners such as United States and Asian countries by reducing tariffs in order to have a better access into these markets. In recent years, Australia has been trying to negotiate with high trade potential countries, such as US, Thailand and Singapore to a conclusion of FTA and enhancing bilateral trade relationships with China. China is expanding its economy rapidly during the past decade. The inflow of export, investment and technology is driven by the strong demand of consumers. Early ...

See this essay or coursework document in full right now