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Certain services markets will be opened intellectual property will be better protected investments will be facilitated through predictable access and U*S* firms will be allowed to compete for Australia s government purchases on a nondiscriminatory basis. Non-compliant state government procurement preferences for example will be phased out after three years of the agreement. Some aspects including provisions for local broadcasting content and local industry involvement expectations in major defe ...

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What trade agreements is Australia in?

Australia-United States Free Trade Agreement (AUSFTA) Australia-Chile Free Trade Agreement (ACl-FTA) China-Australia Free Trade Agreement (ChAFTA) Australia-Hong Kong Free Trade Agreement (A-HKFTA)

Is Australia a part of Nafta?

The Australia United States Free Trade Agreement (AUSFTA) is a preferential trade agreement between Australia and the United States modelled on the North American Free Trade Agreement (NAFTA). The AUSFTA was signed on 18 May 2004 and came into effect on 1 January 2005.

Does Australia trade with the US?

U.S. goods and services trade with Australia totaled an estimated $77.1 billion in 2022. Exports were $52.1 billion; imports were $25.0 billion. The U.S. goods and services trade surplus with Australia was $27.1 billion in 2022.

What trading bloc is Australia part of?

Australia is part of the Asia-Pacific Economic Cooperation (APEC), the Comprehensive and Progressive Trans-Pacific Partnership (CPTPP) and the Regional Comprehensive Economic Partnership (RCEP).

Does Australia have FTA with USA?

The Australia-United States Free Trade Agreement (AUSFTA) entered into force on 1 January 2005. Over 97% of Australias non-agricultural exports to the United States (excluding textiles and clothing) are now duty free, and three quarters of agricultural tariff lines have been eliminated.

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What countries are part of Nafta?

North American Free Trade Agreement (NAFTA) established a free-trade zone in North America; it was signed in 1992 by Canada, Mexico, and the United States and took effect on Jan. 1, 1994. NAFTA immediately lifted tariffs on the majority of goods produced by the signatory nations.

Does Australia have a free trade agreement with us?

What is the purpose of Ausfta?

The Australia-United States Free Trade Agreement (AUSFTA), which came into effect on 1 January 2005, ensures greater access to the United States market for Australian products.