| Publication |
2011.
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| Summary/Abstract |
This paper aims to identify evidence of any potential costs of preferential liberalisation of trade in goods between the EU and Australia, notably trade diversion; move beyond Australia's exports of commodities to the EU to look for evidence of competitiveness in high-value-added manufactures; and identify evidence of the potential for deep integration that might be promoted by a formal FTA using the Sussex Framework for analysing economic integration and TradeSift software. It concludes that costs of trade Diversion are unlikely to be large; that there is the potential for a mutual recognition agreement to encourage deep integration in areas of high value added manufactures; but that it might require a formal free trade agreement to give the institutional framework to allow mutual recognition to work.
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