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Year 9 NSW
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Geography
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Australia in its global context
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Case study: a global relationship
Topic : Case study: a global relationship
In this topic you will learn...
Chapter 1 :
Australia and the European Union: bilateral economic trade and investment links
The European Union (EU) is Australia's largest trading and investment partner
The EU is the largest source of imports, including capital goods, which are integral to Australia`s technological development and economic growth
The EU is the second largest market for exports of both goods and services
Australia is a relatively open, sophisticated and easily accessible market for the EU
Australia provides the EU with a link to the Asia-Pacific region, with over 80 EU companies operating in Australia, and assists the EU in the World Trade Organisation (WTO) and Organisation for Economic Cooperation and Development (OECD) in development cooperation activities in this region
Chapter 2 :
Government roles
Roles have been adopted by Australian Ministers and European Commissioners to review Australia-EU relations through the
Joint Declaration on Relations between Australia and the European Union
(1997) to identify priorities for future cooperation
Dialogue takes place at a ministerial level, between the President of the European Council, the European Commission and Australia and at summit meetings between the President of the Council, the President of the European Commission and the Prime Minister of Australia
Ministerial dialogue has been on trade, including on an improved international trading environment to benefit undeveloped countries
Other dialogue has been on security and strategic issues such as counter-terrorism, and on education, science and technology, environmental protection, development aid, competition and consumer policy
Ties between the Australian and European parliaments have allowed Australia to promote its interests in the EU through an inter-parliamentary delegation
Chapter 3 :
Treaties and agreements
Australia formalised its commitment to enhanced cooperation with the EU by signing the
Joint Declaration on Relations between Australia and the European Union
(1997)
The Declaration and previous agreements aim at an overall approach to market access, rule-making, and economic development issues
Australia is a signatory to a number of significant bilateral treaties and trade agreements
Chapter 4 :
Cultural and economic advantages and disadvantages
Trade and investment with the EU has benefited Australia's competitiveness in the global economy and reinforced its political, immigration and cultural links to Europe
Trade benefits come from its encouragement of dialogue on security issues, immigration, refugee and asylum seeker issues, and joint development projects in the Asia-Pacific
A strong economic link may help preserve Australia's historical, social and cultural ties to Europe
The disadvantages of Australia's links to the EU are argued to result from the inequitable consequences of European competition in domestic and regional markets
Chapter 5 :
EU economic partnership agreements: social justice and equity implications
Development cooperation between Australia and the EU in the Asia-Pacific has been criticised for the lack of transparency of economic partnership agreements (EPAs) sought with developing countries
Civil society organisations argue that under the guise of a `development partnership` the EU is enforcing policies set by the World Trade Organisation (WTO) considered to have negative implications for development
Non-government organisations (NGOs) have further criticised the EU for applying pressure to open up regional markets, arguing it has focused more attention on eliminating trade barriers than on the development of poorer countries
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