Claimed economic gains from China FTA based on outdated study

 Greg Jericho writing in the Guardian debunks the uncritical media reports of government claims of $18 billion added to Australia's GDP after 10 years by the China FTA. The quoted study was done in 2005 and assumed tariff removal on all Australia's exports to China, which is not the case in the  deal reported so far. The $18 billion figure is not credible, but has not been scrutinised.  The Government was desperate to announce the deal this week during the Chinese Premier's visit and claimed there was no time for an updated study. .