Abstract

■ This report considers the economic benefits of Australia’s free trade agreements(FTAs) with Korea, Japan and China (collectively referred to as North Asia).

■ Each of the FTAs include liberalisation of both goods and services trade. The implications of each of these types of liberalisation are modelled separately, as well as in combination.

Contents

1 Introduction 

2 Methodology 

- Scenarios 

- Modelling goods liberalisation under the FTAs 

- Modelling services liberalisation 

- Investment liberalisation 

- Modelling framework 

3 Impact of other FTAs on Australia 

- Sectoral detail 

4 Impact of Australia’s North Asian FTAs – goods liberalisation 

- Macroeconomic results 

- Sectoral details 

5 Impact of Australia’s North Asian FTAs – services liberalisation 

- Macroeconomic results 

- Sectoral details 

6 Impact of Australia’s North Asian FTAs – total macroeconomic impacts 

- Macroeconomic results