Australia's Free Trade Agreements https://www.youtube.com/watch

What is the TPP 11?

• A bilateral FTA with Peru

• A comprehensive and progressive agreement for trans-pacific partnership

• A local Australian trade policy

• A digital transformation initiative

Which countries are part of the TPP 11?

• Australia, United States, and United Kingdom

• Australia, India, and South Africa

• Australia, New Zealand, and China

• Australia, Brunei Darussalam, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore, and Vietnam

What are the benefits of Free Trade Agreements (FTAs)?

• Limitations on cross-border investments

• Increased tariffs on exports

• Restrictions on services and investments

• Reduced or eliminated tariffs, leading to competitive advantages

Which sectors benefit from FTAs according to the text?

• Only the manufacturing sector

• Only the mining sector

• Only the agricultural sector

• Services such as aged care, architectural, legal, and accounting

What new rules will TPP 11 promote?

• Increased tariffs on digital products

• Limitations on cross-border data flow

• Transparency of laws and regulations around data storage

• Restrictions on digital trade

What is the main advantage of the free trade agreement with Peru?

• Increased tariffs on Peruvian imports

• Restrictions on Peruvian services

• Reduced cost of Australian products and services in Peru

• Limitation on Australian investments in Peru

Why is now a great time for Australian businesses to enter the Peruvian market?

• Because of the restrictions on mining activities

• Because of Peru's considerable mineral wealth and rising global metals prices

• Due to the decreasing global metal prices

• Because of the high tariffs on minerals

What do the North Asia free-trade agreements provide?

• Better access and reduced tariffs in China, Korea, and Japan markets

• Restrictions on trade with China, Korea, and Japan

• Higher tariffs on exports to China, Korea, and Japan

• Limitations on Australian products in North Asia

What is a core benefit of reduced tariffs?

• Increased restrictions on goods

• More competitive pricing in market segments

• Decreased trade between countries

• Higher costs for exporters

What is the current global trend that the TPP aims to counter?

• Decreased tariffs worldwide

• Protectionism and nationalism

• Globalization

• Digital transformation