By allowing Australia to trade more freely with other countries FTA’s will help boost Australia’s economy. FTA’s will allow Australia to import goods that it is lacking in and export goods that it is rich in e.g. natural resources like coal. This will allow Australia to make more money and become more economically stable as a whole. Although
FTA’s do allow Australia’s economy to boost it will also mean that Australia is exporting our natural resources which mean that we will be more taxed to produce more and more things like coal and gold, our repository of natural resources is finite, this means that eventually it will run out, this will only happen faster when we are trading it to other countries.
FTA’s also allow trade in services. This means that we will be able to export jobs to countries like china were it is cheaper, quicker and much more efficient to produce the same thing here in Australia. This will ultimately allow Australia’s economy to boost. But this exportation of jobs means that there will less jobs available for Australian citizens.
FTA’s also bring countries closer together which will mean a greater cultural exchange rate e.g. tourism, immigration etc.… this will allow Australia to immerse itself in other cultures. This means that Australia will be able to become more culturally diverse.
FTA’s will allow Australia to have a bigger impact on the economic and political goings on in another country. This means that Australia will be able to guide the countries decision into one where it is fulfilling our desires. But FTA’s will allow the other country involved in the FTA to have a bigger impact on our government as well.
FTA’s will allow Australia to connect with the world more readily and have a greater say in the global economy than ever before, FTA’s will help Australia to increase its economy and to improve itself. FTA’s will allow Australia to import things which we need and export things that we have in bulk like natural resources such as black coal and gold.