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18 Pages • Topic Notes • Year: Pre-2020
Value, Composition and Direction of Australia’s Trade and Financial Flows Trends in Australia’s Trade Patterns Changing direction of trade o Before WWII, mostly trade with European countries, espec. UK o After 1973, decision of UK to join EU meant Australia was placed under the Common External Tariff o Shift towards SE and NE Asian countries, due to economic expansion and development o By 1960s, Japan expanding rapidly, demanding product inputs like Australian
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