Speeches | 25 January 2006

Australia's new terms of trade

Australia’s terms of trade have changed significantly in recent years. This is true in a technical sense, in that there has been a dramatic run-up in the ratio of export to import prices. But it is also true in a broader sense, in that the terms on which we engage with the rest of the world through international trade have also altered. This presentation by Mark Thirlwell, which draws on his recent Lowy Institute Paper, The new terms of trade, looks at the changing global, regional, and national context for Australian trade and trade policy.Mark Thirlwell

  • Mark Thirlwell

Australia’s terms of trade have changed significantly in recent years. This is true in a technical sense, in that there has been a dramatic run-up in the ratio of export to import prices. But it is also true in a broader sense, in that the terms on which we engage with the rest of the world through international trade have also altered. This presentation by Mark Thirlwell, which draws on his recent Lowy Institute Paper, The new terms of trade, looks at the changing global, regional, and national context for Australian trade and trade policy.Mark Thirlwell

  • Mark Thirlwell