Essay: Imports of Garments

Sample Essay

There is, however, another side they may be considering. Since the same clothes will now have to be imported to the country, the businesses may also look at the stability of the Australian dollar in relation to other currencies and also whether the government will keep to its mantra of free trade under the WTO.

If the changing times results in the Australian dollar fluctuating a lot and perhaps tariffs being imposed, as was being considered in The Canberra Times’ article, the rising costs of hedging and import duties may not be worth the cost saving in manufacturing by moving to Asia.  Australian businesses may have mixed opinions about the possibility of restricting free trade. Those based in the country may be very happy about the measures as it would make their goods more competitive in the market, leading to potentially higher profits.

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