![]() The NT also relies on goods imports from the United States of America and the European Union, which are also identified as key trading partners. Major Asian economies, including Japan, China, Taiwan, Singapore, Republic of Korea and Indonesia, are in close proximity to the NT and have significant trade ties that make them some of the NT’s major trading partners. Additionally, monetary policy set by the Reserve Bank of Australia influences household consumption, business confidence and investment in the NT. National and international economic activity influences the NT economy through changes to exchange rates, commodity prices, population flows, interstate trade volumes, tourism activity and the availability of workers to meet the NT’s labour requirements. The structure of the economy reflects the NT’s abundant natural resources, strategic defence significance, tourism attractions and relatively large government and community services sector. The NT has a small open economy that is significantly influenced by external factors, such as investment associated with major projects, economic conditions in trading nations, commodity prices and exchange rates. Key facts | Trade balance | Major trading partners | Goods exports | Goods imports | Service exports | Service imports | National trade | Global economy | Explanatory notes In this section, analysis is provided on the NT's trade balance, trade in goods and services, national and global conditions, exchange rates, as well as key trading partners and commodities relevant to the NT economy. " A Brief History of Globalization.The Northern Territory (NT) economy is a small open economy influenced by trade, investment and movements in commodity prices and exchange rates. Department of State, Office of the Historian. " Transatlantic Trade and Investment Partnership (TTIP)." " Fact Sheet: Transatlantic Trade and Investment Partnership (T-TIP)."Įuropean Commission. ![]() " What Is the Trans-Pacific Partnership (TPP)?"Ĭongressional Research Service. " United States-Mexico-Canada Agreement."Ĭouncil on Foreign Relations. Office of the United States Trade Representative. " Trump: ‘Historic’ Pact Will Rebalance Trade With Canada, Mexico." Investment."īureau of Global Public Affairs. " The Effect of the U.S.-China Trade War on U.S. " United States Announces Deal With Canada and Mexico to Lift Retaliatory Tariffs." " Disentangling the Effects of the 2018-2019 Tariffs on a Globally Connected U.S. " Special Topic: Section 232 and 301 Trade Actions in 2018."īoard of Governors of the Federal Reserve System. " President Trump Announces Strong Actions to Address China’s Unfair Trade." " Do Imports Subtract From GDP?"įederal Reserve Bank of St. “ National Income and Product Accounts Tables: Table 1.1.5. International Trade in Goods and Services."īureau of Economic Analysis. " Exports of Goods and Services (% of GDP) – United States."Ĭensus Bureau. " Chapter 3: Trade Agreements and Economic Theory." " World Trade Summary 2018 Data."Įxport-Import Bank of the United States. ![]() " WTO Data," Use "International Trade Statistics" indicator. ![]()
0 Comments
Leave a Reply. |