Australia Is The Largest Export Market Of Goods For United States

Australia exports approximately over 1million cattle and 2million sheep live every year, although the number fluctuates due to environmental conditions, international disputes and currency change this is the main statistic. Not too recently World Animal Protection and Animals Australia released shocking videos revealing their undercover investigations overseas and the horrific abuse these animals suffer. Australian live export laws are in place to prevent the abuse and to protect these animals, yet once in other countries borders, these laws dissipate and play no part in the treatment of the livestock they spent so much money on raising and keeping healthy. A lot of these animals do not even survive the shipment only to then be shoved into boiling car trunks for

In 2004 according to a report America’s imported as much as Japan, Germany, China and India combined.

Although Australia remains geographically isolated from the world, international trade still remains a main factor that allows Australia’s economy to prosper. Australia’s long history of trade has created tight links and connections with other nations. Being a member of many worldwide organisations, Australia has produced many free trade agreements with countries around the world. However, recently Australia has seen a change in the composition and direction of its trade and has developed a strong trade link with the Asia-Pacific Region.

Benefits the economy, supports thousands of Australian jobs and is helping to provide protein to some of the world’s poorest people across Asia and the Middle East. Australia’s beef cattle exports are wroth $1.35 billion and the sector employs more than 10,000 people, including many Indigenous Australians.

* In terms of both exports and imports which country is the number one trading partner with the U.S?

States trades all over the world. In February of 2016 exports alone were $178 billion. Not surprisingly

* Products that are commonly imported in the United States are oil, cars, and clothes. These products are very important to humanity.

used for exportation as well as internal use. The prices could be as severe as

This paper will examine the Australian beef market, and whether it is an attractive market for South Korea to import from. An analysis of the current Australian and South Korean beef industries; the conditions required to produce beef most efficiently, following the Heckscher-Ohlin Model; tariffs that are involved with these trades, and the impact of the Korea-Australia Free Trade Agreement; environmental implications to Australia; as well as the cultural environment and geographic factor, will be discussed to determine whether South Korea is an attractive market for Australian beef.

The major goods and services traded between Mexico and the US are agricultural products and US exports of private commercial services. These to go major goods are imported and exported between US and Mexico. According to USTR.gov, "United States goods and private services with Mexico totaled an estimated $536 billion in 2012. Would exports totaled 243 billion! Imports totaled $293 billion. The total US goods and services trade deficit with Mexico was $49 billion into thousand and 12. "Since US and Mexico our neighboring countries, most of the important export come at a better value priced tag for consumers since shipping cost is much lower than other trading partners such as China and Europe. Trade in private services with Mexico (based

Countries with low figures included Switzerland, at 49 percent, and South Korea, with a 2002 figure of 47 percent. Australia topped the list, at 237 percent, trailed by other countries that are exporting sustenance, including Canada at 145 percent, the United States at 128 percent and France at 122 percent. The greater part of this nourishment is transported by boat.

* Export goods account for $1.687 trillion, some of the main export partners of the European union are:

Since South Korea is not a large country, the economic gains from this trade were not intended on being large. As stated above, this agreement was expected to increase United States exports to $10 to $11 billion a year. Overall, only three percent of United States trade happens with South Korea. Among that three percent, there are products that are a huge impact on the United States exports. Korea was the United States’ 7th largest goods export market in 2016 (1). United States exports offer attributes that South Korean consumers want, which is low price, high quality, convenience and attractive packaging.

72% of Australia’s two-way trade is within the APEC countries. Like the G20, this trade relationship is quite significant. Australia’s single top import is personal travel services, however overall most of what Australia imports is petroleum products and motor vehicles. It’s appetite for refined petroleum increased by 12% over the past 5 years. Australia’s top exports are its natural resources, iron ores, coal and natural gas. (Australian Government: Department of Foreign Affairs and Trade, 2014)

The information in the table highlights the impact of Asian foreign markets and the growing. China and Japan have been indifferently on the top position and has seen to takeover Unites States in the years stated (dfat.gov.au., 2016). There is no percentage, so the drawback lies in accurate comparison between countries amongst the distribution of export markets.