Australia's Trade Deals Reshape Global Commerce, Empower Consumers Worldwide
Australia shifted from protective trade policies to open ones in the 1980s and 1990s. In the 2000s, they started signing bilateral agreements and later joined mega-regional agreements like TPP/CPTPP and RCEP. This change was driven by the World Trade Organisation's inability to make new agreements, the rise of global value chains, and new trade technologies linked to the internet.