Australian Commercial Policies

Abstract

This article reviews commercial policies in Australia, examining both long-term trends and recent developments. Australia is fortunate in having time series that are long and of excellent quality. Indeed, they are probably as good as those available in any other country. These enable analysists to track changes in commercial policies in detail and to describe the distribution of the rates of assistance across industries. The review given in this article covers trade in services as well as trade in goods and the international movement of capital and labor, and considers the style of policy-making.