> Education is the other big item, Australian universities attract a lot of foreign students and that sector is a big money earner. On the radio this morning there was talk about standardizing qualifications making more Australian degrees recognized in member countries.

This is so fascinating! I knew Australia hosts a lot of Chinese students but they're really on their way to making education an export of theirs. Thanks for the perspective. I'm beginning to see the huge potentials of this treaty for the parties involved.