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Australian Trade Policy in the Twenty‐First Century

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  • Richard Pomfret

Abstract

In the 1980s and 1990s, Australia moved from a protectionist trade policy to very open trade policies. This paper analyses the evolution of these policies in the twenty‐first century: first signing bilateral agreements in the 2000s and then participating in negotiation of mega‐regional agreements (TPP/CPTPP and RCEP). To some extent these shifts have reflected stasis in the World Trade Organisation (WTO) and its inability to make agreements on new areas. Underlying drivers of Australia's beyond‐WTO trade agreements have been the fragmentation of trade along global value chains and the emergence of new trade technologies associated with the spread of the internet.

Suggested Citation

  • Richard Pomfret, 2019. "Australian Trade Policy in the Twenty‐First Century," Australian Economic Review, The University of Melbourne, Melbourne Institute of Applied Economic and Social Research, vol. 52(4), pages 462-467, December.
  • Handle: RePEc:bla:ausecr:v:52:y:2019:i:4:p:462-467
    DOI: 10.1111/1467-8462.12354
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    Cited by:

    1. Zhang, Tong & Burke, Paul J., 2020. "The effect of fuel prices on traffic flows: Evidence from New South Wales," Transportation Research Part A: Policy and Practice, Elsevier, vol. 141(C), pages 502-522.
    2. Sohal, Amrik & De Vass, Tharaka, 2022. "Australian SME's experience in transitioning to circular economy," Journal of Business Research, Elsevier, vol. 142(C), pages 594-604.
    3. Richard Pomfret, 2021. "Trade policy review of Australia," The World Economy, Wiley Blackwell, vol. 44(12), pages 3507-3515, December.

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