Prepare a report Analyse the economic costs and benefits of the Australian-Indonesian Free Trade Agreement on relevant sectors of the Australian economy.

Context

In our increasingly globalised world, Australian prosperity depends on a significant level of international economic integration. Free trade agreements are one method of this integration and aim to promote regional economic integration. As well as creating economic benefits, these agreements can also lead to economic costs. How much integration Australia should have, in which areas, and to what degree, depends on the nation s long-term goals.

Task

Analyse the economic costs and benefits of the Australian-Indonesian Free Trade Agreement on relevant sectors of the Australian economy.

Use economic criteria to evaluate the impact of your chosen free trade agreement on the Australian economy

To complete this task, you must:

• demonstrate comprehension of economic c concepts, principles, and models relevant to free trade;
• select data, diagrams, and economic information from sources. Include a reference list and in-text citations:
• analyze the costs and benefits related to the selected free trade agreement
• evaluate the impact of the selected free trade agreement using economic criteria and
• communicate the response using a report format.

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