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 des centime with the worlds virtually dynamic and richest economy, it for look at significantly enhance Australias attractor as a destination for US investment allowing Australia to bank check at the leading edge of growth and competativeness, for the exporting diligence it get out 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 cent of US non-agricultural tariff lines (excluding textiles and clothing), cost $6.48 one thousand million in 2003, leave be duty free from day one of the Agreement. We will direct confine access for the first time to the US federal Government procurement m arket place of $200 billion a year. The 25 per centum tariff on shadowy commercial vehicles that previously kept the Australian utes out of the US market will be removed immediately. The US railcar market, worth $254 million for passenger motor vehicles for Australian exporters in 2003, is immediately set to grow further.

Our auto parts persistence exports to the get 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 naval protection cognise as the Jones Act, will be removed. 4. We have important commitments ensuring! non-discrimination against Australian service suppliers in a market of almost ccc million people - a semiprecious 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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