Trade Agreements: WTO, Bilateral and Multilateral FTAs

What this note covers

1. The World Trade Organisation: Architecture and Function
2. Bilateral vs Multilateral Free Trade Agreements: Distinctions and Typology
3. Economic Effects of Trade Liberalisation on Domestic Industries
4. Effects on Consumers and Living Standards
5. Employment Effects of Trade Liberalisation
6. Australia's Trade Composition and the Influence of FTAs
7. Evaluating Trade Liberalisation: Benefits, Costs and Policy Tensions

7 sections · 14 key terms & formulas · 6 common mistakes