The paper "Australia’ s International Marketing Opportunities" is a perfect example of a marketing assignment. All the Australian people greatly benefit from trade due to an increase in trade, which eventually leads to the creation of more Australian jobs and thus leading to the delivery of more job opportunities for most Australian businesses. Australia as a country is therefore bound to various trade agreements, which can impact on various businesses operating in international markets. Currently, Australia has various existing Free Trade Agreements or FTAs with vital trade partners and it is even in discussions and negotiations for further agreements with different countries.
A Free Trade Agreement refers to a contractual agreement that is made between two or more parties through which they give each other some preferential access to markets. The FTAs in Australia do not only cover goods and services alone but it also covers other non-tariff issues like for instance customs cooperation, recognition of standards, regulation of foreign investments and protection of intellectual property (Bowles, et al, 2013). Currently, Australia has seven existing Free Trade agreements namely: The Malaysia Australia Free Trade Agreement or the MAFTA which has been placing since the 1st of January 2013 Under this agreement, Malaysia eliminated tariffs on 97.6 % of the goods that were imported from Australia and this was to be extended to 99% by the year 2017.
From day one, Malaysian exports will also benefit from duty-free entry into Australia. Apart from that, the Agreement, will among other things also address barriers towards trade, simplify administration for traders and also allow more Australian senior managers and business executives to work in Malaysia. The Asian-Australia-New Zealand Free Trade Agreement The AANZFTA is actually the largest Agreement that the Australian Nation has ever signed.
This agreement will deliver new opportunities across the board for both Australian investors and exporters as well. It will also lead to the creation of more certainty for investors to access international arbitration. Apart from the above two major agreements, there are also other agreements like The Australian-Chile Free Trade agreement or ACI-FTA that has been in place since March 2009, the Australian-United States Free Trade Agreement or the AUSFTA which has been in place since January 2005.
Others include The Australian-Thailand Free Trade Agreement or TAFTA, which has been in place since January 2005, The Singapore-Australia Free Trade Agreement, or the SAFTA, which has been in place since July 2003, and lastly the Australia-New Zealand Closer Economic Agreement or ANZCERTA, which has been in place since 1983. Apart from that, the Australian government is currently negotiating a range of other free trade agreements with other countries like China, Japan, Indonesia, India e. t.c. Question 2: Australia Negotiating Solutions towards New and Emerging Issues for International Markets Australia as a country pursues several bilateral relationships with various countries to not only promote shared interests but also deal with several shared challenges.
Australia’ s international engagement, therefore, places emphasis on those nations having the greatest bearing on its own economic and strategic outlook. For instance, the relationship of Australia with the United States is fundamental to the country’ s economic and international security interests. For instance, the ANZUS Treaty that was signed in 1951 bound the two countries to cooperate on security and military issues. As a result, The US remains one of Australia’ s two-way investment partner.
Australia, therefore, maintains a strong alliance with the US through regular high-level talks like for instance in the AUSMIN which is held each year.
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Wan, Yuzh. (2013). “Assignment: Emerging Markets-Brazil in Focus”. New York: GRIN Verlag.
Abiad, Abdul (2005). “Underlying Factors Driving Fiscal Effort in Emerging Market Economies”. New YORK: International Monetary Fund.