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by wombatmobile
2048 days ago
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They always have studies saying the deal will increase GDP by an enormous amount. How can you argue with such a prediction? Years later, you can analyse the data. The costs of Australia’s “free trade” agreement with America https://insidestory.org.au/the-costs-of-australias-free-trad... > Enough time has now passed and there is enough data to update the Productivity Commission’s model to estimate the effect of AUSFTA on trade. What this shows is that the agreement was responsible for reducing – or diverting – $53.1 billion of trade with the rest of the world by 2012. Imports to Australia and the United States from the rest of the world fell by $37.5 billion and exports to the rest of the world from the two countries fell by $15.6 billion over eight years to 2012. |
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