Australian Finance Minister on Iron Ore Prices, Trade

The transcript discusses Australia's economic landscape, focusing on the mining boom, the impact of market forces on the Australian dollar, and concerns about the country's budget and credit rating. It also covers Australia's commitment to the Trans-Pacific Partnership (TPP) despite the US withdrawal and addresses the challenges of promoting free trade in the face of rising populist sentiment. The discussion highlights the importance of open markets and the benefits of trade for Australia's economy.

What are the benefits of having a floating exchange rate for the Australian economy?

What challenges does the Australian government face in promoting free trade?

How does open trade impact living standards in Australia?