No, this will incentivise companies to move jobs out of the country

That is the shallowest, most narrow minded, inference you could draw from this. That could be said of many deals. It doesn't go like that because you should continuously be working on your economy, continually pushing in new directions, making new deals, expanding the opportunities to do more. Those who go to AU for some new experience should then be attracted back later, when they can apply some new insights and new experiences back home. More trade = good.