Problem:

MAFTA Malaysia-Australia Free Trade Agreement

The Malaysian and Australian leaders have recently agreed to establish a possible FTA between the two nations. The joint experts group estimated that this new free trade area between the two nations would bring some real economic benefits.

In relation to MAFTA Outline and explain five provisions of MAFTA, which in your opinion are potentially beneficial to the Australian economy.

Outline five Australian industry sectors/companies, which have shown benefits from the operation of Singapore-Australia Free Trade Agreement (MAFTA).  Explain your selection.

Outline some potential economic implications of this agreement on Australia's industries. Give examples of industries/companies which seem to be affected by the operation of MAFTA.  Suggest remedies.

Additional Information:

The question is all about MAFTA or Malaysia Australia Free Trade Agreement. For many years, Australia as well as Malaysia enjoyed links in education, defense, police, intelligence cooperation, tourism, cultural exchanges, an so on. In the year 2005, Australia and Malaysia entered in a formal agreement upon a Free Trade Agreement, which came to be known as MAFTA. The major aim of MAFTA is to make sure unambiguous commercial trade between the countries which can result in better economic development in the region.

Total Word Limit: 936 Words