Apr 8, 2014

‘Free trade’ with Japan: not much to crow about for farmers, exporters

The free trade agreement with Japan is an innocuous win for Tony Abbott that won't help farmers and other exporters all that much, writes Leith van Onselen of MacroBusiness.

The mainstream media is awash with glowing reports about the “free-trade agreement” with Japan. But these things are always more a win for politics than economics.

According to the Department of Foreign Affairs and Trade, the Japan-Australia Economic Partnership Agreement will “deliver a significant boost to Australian farmers and other agricultural producers, resource exporters, service providers and consumers”. The Australian Financial Review reports beef exporters will gain $2.8 billion worth of benefits over the next 20 years.

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2 thoughts on “‘Free trade’ with Japan: not much to crow about for farmers, exporters

  1. Bill Hilliger

    Don’t worry you’re in good hands with the negotiation skills of T rAbbott and co. Wait till they stitch up China as well. Riches to be had for all, especially the farmers. The farmers will now owe a great thanks to the ever diminishing National Party.

  2. leon knight

    Aaaahhh yes, “Much ado about nothing”….probably the best bit is the nuance – so delicate nobody noticed.

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