|Name||Australia – United States|
|Members||Australia – United States|
|Type of agreement||Bilateral Free Trade Agreement|
|Date of signature||January 1, 2005|
|Key points||1. It ensures greater access to the United States market for Australian products.This Agreement also enhances prospects for Australian services, trade and investment, improves the regulatory and investment environment between the two countries, and promotes increased business mobility|
2. Tariffs that averaged 4.3% were eliminated on more than 99% of the tariff lines for qualifying U.S. manufactured goods exported to Australia.
3. American firms are now allowed to compete for Australia’s government purchases on a non-discriminatory basis. U.S. farm exports benefit from duty-free treatment, including processed foods, fruits and vegetables, corn, and soybeans. The FTA also made advances in e-commerce and market access for pharmaceuticals.
For more details, kindly check the link in references.
|1. Australia-United States Trade Agreement, accessed December 2020, https://www.dfat.gov.au/trade/agreements/inforce/ausfta/Pages/australia-united-states-fta|