Remember the Australia-US free trade agreement? That FTA obsessed the political class in Canberra for much of 2004, with the Howard government and News Corporation outlets desperate to use it to wedge Labor leader Mark Latham, and considerable focus on how much benefit it delivered to Australian farmers.
Sorry, but free trade agreements are duds, no matter how ‘nuanced’
Bilateral free trade agreements like the one negotiated with Japan deliver few benefits. The only worthwhile trade reform is unilateral tariff reductions. Don't hold your breath for that.