As world trade shifts to invitation-only clubs, Australia is facing tough choices

Written by The Conversation

A US steel worker at an artillery factory in Scranton, Pennsylvania

A profound shift is underway in global trade. Governments are moving beyond traditional free trade agreements open to all countries and embracing what are increasingly called “economic security agreements”.

This means the international trading system is moving from a club open to all prospective members who can meet the rules, to...

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