Australian

1. A bilateral agreement means affecting or undertaking an agreement by two sides equally, allowing both sides to do good from the agreement.

2. This agreement go forth improve Australias trade relationship with the worlds about dynamic and richest economy, it will significantly enhance Australias attractiveness as a destination for US investment allowing Australia to stay at the leading edge of growth and competativeness, for the merchandise industry it will further adavnce in the market and increase export opportunities and secured significant Australian interests such as health, PBS, the audio-visual sector and our quarantine and pabulum safety regimes.

3. Duties on more than 97 per cent of US non-agricultural tariff lines (excluding textiles and clothing), cost $6.48 billion in 2003, will be duty free from day one of the Agreement.
We will in a flash have access for the first time to the US federal Government procurement market of $200 billion a year.
The 25 percent tariff on light mercantile 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 presently set to grow further.




Our auto parts industry exports to the united 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 maritime protection know as the Jones Act, will be removed.

4. We have important commitments ensuring non-discrimination against Australian service suppliers in a market of almost three hundred million people - a valuable improvement on the commitments we had from the United States in the WTO.
We have secured a robust modelling that should promote the mutual cognition of qualifications in professional services. Problems with recognition of qualifications can be a major hindrance for the export of professional services.
Education will...



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