What is Australia's desired trade growth rate in relation to GDP?

[mel*k]

Hi
I was just wondering if anyone could please tell me what Australians desired trade balance growth rate is Per year of GDP (macroeconomic policies)?

is trade aimed at a target of 3 % of GDP?

i know
inflation = 2-3%
GDP = 3%
but cannot find trade?

Any help would be really appreciated
Thanks Mel

 

[imiyakawa]

Does such a target exist? And do you mean growth in Net Exports (Xs - Ms, or Exports - Imports)?

 

[loseyourname]

The target balance of trade surplus is 1% of GDP and target export growth is 6.25% per year (monetary, not volume).

Source is http://www.dfat.gov.au/publications/mortimer_report/mortimer_report.pdf published in 2008 by the Australian Department of Foreign Affairs and Trade.