Smaller Australian businesses are more productive than larger ones, but have disproportionately low levels of exports and wages.
- Lecturer in Economics, Bachelor of International Business, Monash Business School, Monash University
Smaller businesses contribute a huge amount of Australia’s national output but a tiny proportion of our exports.
The Australian economy has changed significantly over the past 30 years to focus on services. They are unlikely to be drastically affected by repealing free trade agreements.
Tariffs have been falling in recent years but countries are imposing other barriers to trade, affecting Australian consumers and businesses.
Analysis shows there’s less competition and more cross over in trade between Australia and the EU, making a trade deal more appealing.
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