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Article: GOVT LAUDS, CRITICS SLAM NEW STUDY ON AUSTRALIA, US FTA.
- Article from:
- AsiaPulse News
- Article date:
- April 30, 2004
CopyrightCOPYRIGHT 2004 Asia Pulse Pty Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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BRISBANE, April 30 Asia Pulse - A new study today found that a free trade deal with the United States would boost the Australian economy by A$6.1 billion (US$4.3 billion), but it immediately came under fire for its underlying assumptions.
The report, which was seized upon by the government to argue the deal was in Australia's interest, said although the economy would be A$6.1 billion bigger thanks to the agreement, the benefits could be as low as A$1.1 billion and as much as A$7.4 billion.
And it argues that most of the gains will come from changes to the Foreign Investment Review Board (FIRB) and a new dynamism among Australian managers forced to ...