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2008•International Journal of Trade and Global MarketsRequires access

The proposed Australia-China Free Trade Agreement: global and country-specific effects

Mahinda Siriwardana

Open publisher page 3 citations

Abstract

Australia has signed Free Trade Agreements (FTAs) with Singapore, Thailand and the USA. This paper analyses the economic effects of the proposed FTA between Australia and China, drawing lessons from simulations undertaken using the GTAP model. The paper provides quantitative evidence concerning the welfare impact of the FTA with special reference to trade creation and trade diversion. Examining responses of various production sectors identifies the structural changes that may take place in the two economies over the long run. The findings may shed light on the debate over the potential incentives to participate in the agreement.

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What this paper is about

Australia has signed Free Trade Agreements (FTAs) with Singapore, Thailand and the USA. This paper analyses the economic effects of the proposed FTA between Australia and China, drawing lessons from simulations undertaken using the GTAP model. The paper provides quantitative evidence concerning the welfare impact of the FTA with special reference to trade creation and trade diversion. Examining responses of various production sectors identifies the structural changes that may take place in the two economies over the long run. The findings may shed light on the debate over the potential incentives to participate in the agreement.

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OpenAlex reports 3 citations for this work. Citation counts describe recorded attention and do not establish research quality.

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Available abstract

Australia has signed Free Trade Agreements (FTAs) with Singapore, Thailand and the USA. This paper analyses the economic effects of the proposed FTA between Australia and China, drawing lessons from simulations undertaken using the GTAP model. The paper provides quantitative evidence concerning the welfare impact of the FTA with special reference to trade creation and trade diversion. Examining responses of various production sectors identifies the structural changes that may take place in the two economies over the long run. The findings may shed light on the debate over the potential incentives to participate in the agreement.

Key concepts: China, Trade diversion, Economics, Free trade agreement, Incentive, International economics, Welfare, International trade

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