Free Trade Agreement between Australia and China

China, Australia’s second larges export destination, is a growing economy. The labours in china are really cheap, so a lot of companies set up new manufactures in China and close down manufactures in other countries. A Chinese is satisfied getting 800 yean month, three meals a day and a bed to sleep. There are also people, who are willing to work for even lower labours. So if Australia would have a FTA with china it could profit from the fast growth and development of China. China’s growing manufacturing industry needs large volumes of raw materials, which could be supplied by Australia. “Most Farmers and key agricultural exporters –wool, beef, dairy and grains- have set up their sights on an FTA” (Philip Hopkins,Ian Porter). The mineral export to China would also benefit from a FTA as well as the services-section. I think the growing economy will affect the live-standard of the Chinese population. The companies move to......

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Title: Free Trade Agreement Between China And Australia
Approximate Word Count: 647
Approximate Pages: 3 (250 words per double-spaced page)

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