Australia’s share in international trade has always been relatively small, currently standing at about 1.2% (WTO, 2006). Our major trading partner has become over the years the European Union (EU), which now accounts for 17% of our total merchandise trade and 21% of traded services (Bramble, 2008). The European market is vitally important to the Australian economy as it is our major trading partner. However the view from Europe can be a very different one, with this essay discussing the implications that despite many years of economic reform in Australia since the 1980’s, the country still remains a farm and a quarry in its economic relations with the EU. This will be discussed in detail by providing an outline of the current economic and trade relationship with the EU, a history of Economic policy changes and impacts this has had on world trade. The impact these changes have had on our trade relationship with the EU comparing current trends with that of 25 years ago and the......

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Title: The European Union’s View Of Australia In Terms Of Trade: What Has Changed Since The 1980's?
Approximate Word Count: 2417
Approximate Pages: 10 (250 words per double-spaced page)

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