Australia-United States Free Trade Agreement

1. A bilateral agreement means affecting or undertaking an agreement by two sides equally, allowing both sides to involve in from the agreement. 2. This agreement entrust improve Australias trade blood with the worlds virtually dynamic and richest economy, it depart significantly enhance Australias draw as a destination for US investment allowing Australia to suffer at the leading edge of growth and competativeness, for the merchandiseing pains it leave alone further adavnce in the foodstuff and increase export opportunities and secured historic Australian interests such as health, PBS, the audio-visual sector and our isolate and nutriment safety regimes. 3. Duties on more than 97 per centime of US non-agricultural tariff lines (excluding textiles and clothing), cost $6.48 cardinal in 2003, testament be duty free from day one of the Agreement. We will direct comport access for the first time to the US federal Government procurement marketplace of $200 billion a year. The 25 pct tariff on slack commercial vehicles that previously kept the Australian utes out of the US market will be removed immediately. The US auto market, worth $254 million for passenger motor vehicles for Australian exporters in 2003, is immediately set to grow further.

Our auto parts constancy exports to the happen together States, worth $495 million in 2003, will be boosted by the immediate elimination of tariffs. The 50 percent tariff on merchant ship repairs and maintenance, part of the marine protection cognise as the Jones Act, will be removed. 4. We have important commitments ens uring non-discrimination against Australian ! service suppliers in a market of almost ccc million people - a rich improvement on the commitments we had from the United States in the WTO. We have secured a robust manakin that should promote the mutual cognizance of qualifications in professional services. Problems with recognition of qualifications can be a major(ip) hindrance for the export of professional services. Education will...If you want to get a all-embracing essay, order it on our website: OrderCustomPaper.com

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