Australian Trade Policy Strategy Contradictions

12 Pages Posted: 23 Dec 2012

See all articles by Shiro Patrick Armstrong

Shiro Patrick Armstrong

Australian National University (ANU) - Crawford School of Public Policy

Date Written: December 2012

Abstract

Australia’s Trade Policy Review by the WTO in 2011 was positive about Australia’s openness and its progress in removing residual barriers to trade. But it glosses over the fact that Australia’s current strategy of supporting the multilateral system while signing, negotiating and concluding preferential agreements is not consistent. The paper focuses on the question of Australia’s role in the multilateral system as it prosecutes preferential agreements, and examines ways of multilateralising some of those preferences, especially in a broader regional setting and under the WTO. One priority is to multilateralise the preferences in trade agreements – by reducing the MFN tariffs and extending the preferential access that some investment and services providers enjoy. Another priority is to get domestic regulations and reforms right so that there is no discrimination between foreign and domestic firms, let alone between foreign firms from different countries.

Suggested Citation

Armstrong, Shiro Patrick, Australian Trade Policy Strategy Contradictions (December 2012). The World Economy, Vol. 35, Issue 12, pp. 1633-1644, 2012, Available at SSRN: https://ssrn.com/abstract=2193221 or http://dx.doi.org/10.1111/twec.12028

Shiro Patrick Armstrong (Contact Author)

Australian National University (ANU) - Crawford School of Public Policy ( email )

ANU College of Asia and the Pacific
J.G. Crawford Building, #132, Lennox Crossing
Canberra, Australian Capital Territory 0200
Australia

HOME PAGE: http://www.crawford.anu.edu.au/staff/sarmstrong.php

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