Australia Working Toward FTA With EU by End of 2020, Minister Says

The transcript discusses the escalating trade tensions and their impact on the global economy, particularly focusing on Australia's position and response. It highlights Australia's efforts to manage risks through economic measures like tax cuts and infrastructure investment. The challenges of trade negotiations with countries like India and the EU are explored, along with the importance of open markets. Migration trends and their impact on economic growth are also discussed. The transcript concludes with a focus on future trade agreements and the economic uncertainty surrounding GDP expectations.

What is Australia's position on the unilateral application of tariff hikes?

• They are indifferent to it.

• They believe it is not the right approach.

• They fully support it.

• They have not expressed any opinion.

What measures did Australia implement to manage economic risks from the global trade war?

• Restricted trade with China

• Reduced infrastructure investment

• Tax cuts to boost household expenditure

• Increased tariffs on imports

How has Australia positioned itself in recent years regarding trade with North Asian economies?

• By increasing tariffs on North Asian imports

• By avoiding trade deals

• By striking deals with China, Japan, and Korea

• By focusing only on domestic markets

What is the symbolic importance of trade agreements in the current global environment?

• They show a commitment to open markets.

• They are irrelevant in today's economy.

• They only benefit large corporations.

• They are a form of political propaganda.

What is a key focus of Australia's migration program?

• Skills and investment

• Cultural exchange

• Family reunification

• Tourism promotion

How does the global environment affect Australia's trade negotiations?

• It completely halts negotiations.

• It makes them easier.

• It has no impact.

• It provides political momentum for open trade.

What factor contributed to uncertainty in the Australian economy during the June quarter?

• A change in government

• A significant tax increase

• A major natural disaster

• A global financial crisis