The trade climate has already changed: Canberra is still adjusting too slowly
Australia has reached a free trade deal with the EU, has a UAE deal in force, and has a protocol with Singapore on essential supplies. The article argues that none of this matches the speed or scope of trade shifts elsewhere, and calls for prioritising plurilateral deals and partnerships with India, Southeast Asia, Japan, Korea, the EU and the Gulf.
Why it matters: This matters for the briefing's theme of trade, as it highlights the gap between Australia's incremental trade actions and the faster pace of global trade realignment.