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New report shows benefits of open trade policy

A new comprehensive study (pdf) shows the sweeping benefits of broad trade liberalisation for the Australian economy.

The study - Benefits of Trade and Trade Liberalisation - was released by the Minister for Trade Simon Crean on 1 June 2009.

It shows that trade liberalisation added 2.5-3.5 per cent to the Australian economy over the past two decades, and benefitted the average Australian working family by up to $3,900 per annum

Mr Crean said the study was a "strong reminder that Australia needs to remain engaged with the world – not retreat from it – in the face of the recession."

Download Benefits of Trade and Trade Liberalisation (pdf - 1.3MB). Also available in rtf (11.5MB).

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Page Updated: Thursday, 02 July 2009 09:02:24 PM