Australia and China to Sign Trade Deal Today

Australia and China to Sign Trade Deal Today

Assessment

Interactive Video

Business

University

Hard

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The video discusses a forthcoming trade agreement between Australia and China, highlighting the expected lifting of tariffs on 95% of Australian products. Significant benefits are anticipated for the beef and dairy industries, with notable interest from billionaire Gina Rinehart. However, sugar cane and rice farmers may not benefit. The agreement is compared to New Zealand's 2008 deal with China, which doubled trade between those countries, suggesting high expectations for Australia's economic gains.

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2 questions

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1.

OPEN ENDED QUESTION

3 mins • 1 pt

How did the trade between New Zealand and China change after their free trade agreement?

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2.

OPEN ENDED QUESTION

3 mins • 1 pt

What was the worth of trade between Australia and China last year?

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