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Abstract: On 5 October 2015, the Trans-Pacific Partnership Agreement (TPP) led by the U.S. was signed. Already, 12 countries1 have joined the agreement, but China has not. Thus, lots of research has focused on the negative effect of the TPP on China’s foreign trade. On the other hand, China is moving forward in its own efforts to establish bilateral free trade agreements (FTAs) and free trade zones. In June 2015, China-South Korea and China-Australia signed bilateral FTAs which went into effect in December 2015. Several questions were raised: Since South Korea and Australia are the major trade partners in the Pacific area and the bilateral FTAs will be effective before the TPP, will these FTAs’ positive effects on China’s foreign trade offset some of the negative effects of the TPP? If China and the U.S. adopted a competitive trade policy, which countries would benefit? If China and the U.S. adopted a cooperative trade policy, how would the trade value and economic welfare change? This paper simulates and analyses the mutual effects of China-South Korea and China-Australia FTAs and the enlarging TPP using the computable general equilibrium model. The major conclusions drawn suggest that China-South Korea and China-Australia FTAs will significantly offset the TPP’s negative effect on China’s foreign trade. If China is not included, the U.S. economic benefit from the TPP will be limited. The economic welfare for a country like Australia, which joined both the bilateral FTA and the TPP, will be increased the most. In the long run, China joining the TPP would be the most beneficial decision for its national interest. However, if the TPP cannot be approved by the US congress, the U.S.’s economic indicators and export would be decreasing sharply. China’s economy and export will benefit from FTAs.
Keywords: China-South Korea FTA, China-Australia FTA, TPP, interaction effects
Published in DKUM: 03.05.2018; Views: 1175; Downloads: 306
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Abstract: Many rural areas in the developed world are experiencing planning and development challenges related to processes of population change. The nature, direction and regional manifestations of these changes are strongly related to the varying levels of local amenity. These result from the qualities of the local social, economic and physical environments and contribute to the ability of rural regions to attract and retain residents. In turn the presence or absence of this attractive ability is likely to engender development and sustainability challenges related to growth, decline or (where the attractive forces are demographically specific) social mix. This paper considers these challenges in the context of high amenity rural regions in temperate Australia.
Keywords: rural amenity, migration, temperate Australia, counter urbanisation, demographic change
Published in DKUM: 20.03.2018; Views: 1412; Downloads: 84
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Abstract: Slovenia is, like many other countries, especially small ones, dependent on exports and imports of goods and services. European countries are Slovenia´s main trade partners, together accounting for almost 90 per cent of the value of Slovenia´s trade in goods. There are various reasons for this, such as the relatively short distance between Slovenia and other European countries. If Slovenia wants to increase the value of its trade with non-European countries, it should adopt a number of measures, such as increasing the effectiveness and efficiency of its trade promotion. In this paper the authors discuss opportunities to increase the value of Slovenia´s trade in goods with the Pacific Rim countries by focusing on the specific case of Australia.
Keywords: trade, trade relations, international trade, Pacific Rim countries, Australia, Slovenia
Published in DKUM: 07.07.2017; Views: 1218; Downloads: 90
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