U.s.-Australia Free Trade Agreement

December 19, 2020 at 9:59 am

· The free trade agreement is sensitive to concerns expressed by some members of Congress and some U.S. agricultural sectors, and the agreement uses tariff quotas to address these concerns. Australia FTA Text: The full text of the agreement. The Australia-U.S. Free Trade Agreement is a preferential agreement between Australia and the United States, modelled on the North American Free Trade Agreement (NAFTA). AUSFTA was signed on May 18, 2004 and officially came into force on January 1, 2005. Austrade can help Australian companies become familiar with local market conditions and help develop export opportunities through a number of market and Australian services. · Both sides reaffirm their obligations as members of the International Labour Organization and strive to ensure that their national laws provide for labour standards consistent with internationally recognized labour principles. The agreement makes it clear that it is inappropriate to weaken or reduce occupational health and safety at the national level in order to promote trade or investment between the parties. · The agreement is fully in line with the working objectives set by Congress in TPA. Work commitments are part of the basic text of the trade agreement. · Requires transparent procedures for registering trademarks, including geographical indications. Following the signing of the free trade agreement, there was initial talk that the U.S.

agricultural sector would put pressure on the agreement, fearing that it would interfere with the government`s agricultural subsidy program. However, the agreement with deadlines for importing Australian agricultural products, such as beef and sugar cane, has allayed concerns in the US agricultural market (while many Australian producers were very frustrated). This section also describes the evidence and verifications as to whether the products traded are in fact from the exporting country, as required by the agreement. The onus is on the importer to verify the conditions in force. Refusal of preferential treatment and sanctions may apply if the importer does not carry out an appropriate control at the request of the importing country.