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History never repeats but it sure does rhyme.
Just over a decade ago, the Howard Government signed the Australia-US Free Trade Agreement (AUSFTA) amid much fanfare. The AUSFTA was marketed as a transformational agreement that would deliver massive benefits to Australia over the longer term.
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About the author
Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness.
Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.