Please help me out I am doing my project on Dairy in Australia and I really need
ID: 1208984 • Letter: P
Question
Please help me out I am doing my project on Dairy in Australia and I really need help on these questions. If you could please show any websited used!!!
A. Determine the implications of the trade barriers on Dairy in Australia. Do these barriers hinder the industry within the Austrlian international market? Justify your response.
B. Determine the implications of the trade barriers on consumers. Do these barriers hinder the consumer’s purchasing power within the Australia international market? Justify your response.
IV. Recalculating Parameters: Select the previously identified trade barriers in Australia and change their parameters for your Dairy in Australia , making appropriate economic calculations and representing the changes in charts.
a) Calculate the effect of the change of a tariff on Dairy in Australia. Illustrate the change visually in a chart.
b) Calculate the effect of the change of a quota on Dairy in Australia. Illustrate the change visually in a chart.
c) Calculate the effect of the change of a government subsidy on the overall GDP. Illustrate the change visually in a chart.
Explanation / Answer
a.
Implications for the Australian dairy industry
The ChAFTA will undoubtedly affect a number of Australian primary industries as tariffs of up to 30% on beef, dairy, sheep, pork, live animals, hides, skins and leather, horticulture, wine and seafood are eliminated within two to nine years. In particular, it can be expected that the ChAFTA will have a significant impact on the Australian dairy export industry.
As tariffs are slowly eliminated and demand for milk and dairy from China increases, we are likely to see greater investment by Chinese companies in Australia or in long-term agreements to secure supply (like the 50 year agreement entered into between Freedom Food Group and Shenzhen JiaLiLe Food Company for the marketing of 'Australia's Own Kid's Milk'). There is every possibility that we will see a renewed interest in the Australian dairy sector despite supply and price volatility in the global market.