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AUSTRALIA’S rush to sign a free trade agreement with the US has been praised warmly by the right-side of politics and luke-warmly by the left. Business, apart from a handful of sugar and beef farmers, appears to love it. The thread linking those in favour is that Australia appears to have so much in common with America, a view that has skipped lightly over what we do not share, and not only is that a long list – but it is one that could cost Australia dearly in the future.

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