There is almost universal agreement that free-trade promotes economic growth. As a resource rich, open economy, Western Australia has benefited greatly from trade.
This paper reviews the gains from trade and considers recent developments in global trade, in particular the change in US trade policy since the latest Presidential election and the current US-China trade dispute.
It then examines a number of scenarios in which the trade dispute and other developments might play out and in particular the mining revenue and economic implications for Western Australia.
Finally, it considers the positive medium to long term trade environment for Western Australia.