Ciobo spins FTA benefits. Ignores costs

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By Leith van Onselen

Australia’s trade minister, Steve Ciobo, has penned another Panglossian article spruiking the great riches that have come from Australia’s free trade agreements (FTAs):

[Australia] is running against the populism of being anti-free trade. We’re doing this by standing up for open trade and investment, most recently evidenced by launching negotiations for an ambitious and comprehensive trade agreement with the European Union. The first round of negotiations have just concluded in Brussels…

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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.