Australian Trade Agreement

A Hot Tip about Trade Agreements in Australia

Last updated: 23 Feb 2011

The U.S.- Australia Free Trade Agreement (AUSFTA)

On January 1, 2005, Australia entered into the Free Trade Agreement with the United States (AUSFTA), providing major benefits for both countries immediately through removal of tariffs, and the phased opening of markets.

Australian Customs has prepared a very easy to follow step-by-step approach to help U.S. exporters assess whether their products can be classified as duty free under AUSFTA.

 

Other Agreements

The Closer Economic Relations Trade Agreement (ANZCERTA, or CER) is the main instrument that governs economic relations between Australia and New Zealand. It is comprehensive agreement, prescribing that all bilateral trade and services originating in the two countries is free of tariffs, quantitative restrictions, anti-dumping measures, production subsidies and like measures.

Australia has free trade agreements with:

United States of America

Chile

New Zealand (CER)

Singapore

Thailand

 

Australia is negotiating or planning to negotiate free trade agreements with:

ASEAN

China

Gulf Cooperative Council

Japan

Malaysia

Trans Pacific Partnership.

 

It is considering free trade agreements with:

India

Korea

Indonesia.

 

Australia is an active participant in the WTO, making regular submissions to trade negotiation rounds.

Australia is a key member of the Asia Pacific Economic Cooperation (APEC) forum, and plays a leading role in promoting trade liberalization among the member economies. Australia exports approximately 70% of its goods and services to APEC economies and, like all APEC developed partners, is committed to tariff reductions by 2010. Australia is a leading member of the Cairns Group of 17 agricultural exporting countr.

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Posted: 06 January 2010, last updated 23 February 2011

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