Australia- UK Free Trade Agreement: A Commentary

Result code in IS VaVaI

<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F60076658%3A12510%2F21%3A43904114" target="_blank" >RIV/60076658:12510/21:43904114 - isvavai.cz</a>

Result on the web

<a href="http://omp.ef.jcu.cz/index.php/EF/catalog/book/74" target="_blank" >http://omp.ef.jcu.cz/index.php/EF/catalog/book/74</a>

DOI - Digital Object Identifier

—

Result language

angličtina

Original language name

Australia- UK Free Trade Agreement: A Commentary

Original language description

Australia, like many other nations, has been pursuing Free Trade Agreements (FTAs) as a result of the staled WTO negotiations, post-Doha Australia currently has fifteen active FTAs, with another seven under negotiations, including the Australia-UK FTA – the focus of this paper. Following Brexit, the UK has been very keen to demonstrate to the rest of the world that, once the ‘shackles and burdens’ of the EU were removed, it could forge ahead as ‘Global Britain’, making its presence in the world predominant once again. This appears to be a nostalgic appeal to the old days of the bygone empire, one that no longer exists. Despite some set-backs, it seems that Australia and the UK will enter into an FTA in the near future, once the advanced-stage negotiations have been completed. This will be the UK’s first, and so far, the only post Brexit FTA. Given the considerable historical, legal, political and cultural ties between Australia and the UK an FTA between these nations was probably always going to be a comparatively easy accomplishment. Whilst the overall ties are no doubt important, the Australia-UK economic activity is far less important now than it has been since the days of early colonization. Australia is economically tied to Asia, with only a relatively small proportion of economic activity remaining with the UK. The composition of exports from Australia to the UK matches the comparative advantage theory as both nations have little, if any, overlap in goods they export/import to each other. This paper provides a background to the Australia-UK economic ties with a commentary on the likely impact the Australia-UK may have from the Australian perspective, highlighting areas of concern and making suggestions for improving the negotiations towards a final outcome.

Czech name

—

Czech description

—

Type

D - Article in proceedings

CEP classification

—

OECD FORD branch

50204 - Business and management

Project

—

Continuities

I - Institucionalni podpora na dlouhodoby koncepcni rozvoj vyzkumne organizace

Publication year

2021

Confidentiality

S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Article name in the collection

Proceedings of the 15th International Scientific Conference INPROFORUM New trends and challenges in the management of organisations

ISBN

978-80-7394-863-4

ISSN

—

e-ISSN

—

Number of pages

7

Pages from-to

206-212

Publisher name

Jihočeská univerzita v Českých Budějovicích

Place of publication

České Budějovice

Event location

České Budějovice

Event date

Nov 4, 2021

Type of event by nationality

WRD - Celosvětová akce

UT code for WoS article

000835761600033