Australia-United States Free Trade Agreement

1. A bilateral agreement means affecting or undertaking an agreement by two sides equally, allowing both sides to supply in from the agreement. 2. This agreement entrust improve Australias trade relationship with the worlds virtually dynamic and richest economy, it pull up stakes significantly enhance Australias attracter as a destination for US investment allowing Australia to hobble at the leading edge of growth and competativeness, for the exporting manufacture it volition further adavnce in the foodstuff and increase export opportunities and secured historic Australian interests such as health, PBS, the audio-visual sector and our insulate 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 billion in 2003, allow for be duty free from day one of the Agreement. We will direct own access for the first time to the US federal Government procurement merchan dise of $200 billion a year. The 25 percent tariff on lilting commercial vehicles that previously kept the Australian utes out of the US market will be removed immediately. The US car 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 earn 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 oceanic protection cognise as the Jones Act, will be removed. 4. We hav e important commitments ensuring non-discrim! ination against Australian service suppliers in a market of almost ccc million people - a worthful 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 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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