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Trade Policies Between Canada And Australia

371 Words2 Pages

P.E.S.T ANALYSIS - POLITICAL FACTORS

When it comes to trade policies between Canada and Australia, there are many different aspects to analyze. The percentage of merchandise imports in Australia is much larger than the number of merchandise exports. In 2014, imports from Canada was reported $2,154 (A$m) having a growth rate of 4.6%, and exports was $1,233 (A$m) in Australian currency, decreasing in 10.8%. The total amount of trade equalled to $3,388 (A$m) which included imports and exports, resulting in a decrease 1.6% in overall growth. The major Australian service exports in 2014 were Personal Travel excluding Education, and Education-Related Travel, and the major Australian service imports were Personal Travel excluding Education, and Transport. …show more content…

On the other end of things, Canada’s principal import sources, Australia ranked 33 totalling 0.3%. Australia has a 1.8% average tariff rate and non-tariff barriers are very low. The import duties when importing into Australia, depend on a couple of things. Duty rates in Australia can range between 0% to 10%. The average duty for importing is 4.6%, and some products do not have duties. (some electronic products). On imports under AU$1000 excluding shipping and insurance costs, there is no duty, GST, or import processing charge that applicable. On orders valued at over AU$1000, some other taxes might apply, depending on the mode of entry and type of import

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