Australia Free Trade Agreements List
· More than 99% of U.S. exports of industrial products to Australia will be duty-free as soon as the agreement comes into force. Manufactured goods currently account for 93% of total U.S. goods exports to Australia. · The “first-in-time, first-in-Right” principle applies to trademarks and geographical indications, so that the first person acquiring a right to a trademark or geographical indication is the person who has the right to use it. · All U.S. agricultural exports to Australia, totalling more than $400 million, will have immediate duty-free access. · This is the largest immediate reduction in industrial tariffs ever achieved in the case of a U.S. free trade agreement, and will bring immediate benefits to U.S. workers and businesses in the manufacturing industry. U.S. producers estimate that the abolition of tariffs could result in $2 billion a year in increasing U.S. exports of industrial products.
Australia presented trade initiatives or trade agreements with countries or groups of countries in the table below. · specifies that test data and trade secrets submitted to a government for marketing authorization are protected for a period of five years for drugs and agrochemicals for unfair commercial use for a period of five years. It fills in the potential loopholes in these provisions. Free trade agreements (FAs) offer a competitive advantage to Australian businesses. By removing and removing certain barriers to international trade and investment, free trade agreements benefit Australian exporters, importers, producers and investors. Austrade can help Australian companies become familiar with local market conditions and help develop export opportunities through a number of market and Australian services. The agreement also improves Australia`s services, trade and investment prospects, improves the regulatory and investment environment between the two countries and promotes increasing business mobility. · An innovative enforcement mechanism includes monetary sanctions to enforce trade, labour and environmental obligations in the trade agreement. · Requires a dispute resolution system for trademarks used in Internet domain names, which is important to prevent cyber-squatting with respect to high quality domain names. · Requires transparent procedures for registering trademarks, including geographical indications. o The USDA Animal and Plant Health Inspection Service and Biosecurity Australia will hold a permanent technical working group, including the representation of trade agencies, to engage as early as possible in each country`s regulatory process to cooperate in the development of science-based trade measures between the two countries.
· Australia and the United States have agreed on e-commerce provisions that reflect the importance of the issue in world trade and the importance of providing products and services electronically as a key element of a dynamic e-commerce environment. · The emphasis is on promoting compliance through consultations, joint action plans and trade-enhancing remedies. · In implementing these principles, Australia will make a number of improvements to its drug use system (PBS) procedures, including the establishment of an independent system to verify the identification of product lists, which will improve transparency and accountability in the operation of the SYSTEM. Do you need help accessing Free Trade Advantage? Check out the user manual (PDF 532KB) or e-Mailfirstname.lastname@example.org. Australia will provide considerable access to the United States.