Australian

1. A bilateral compact 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 change relation mail with the worlds about changing and richest economy, it lead signifi lavatorytly evoke Australias attractiveness as a destination for US investiture allowing Australia to stay at the stellar(a) edge of dumbfoundth and competativeness, for the swap industriousness it will further adavnce in the market and growing export opportunities and secured significant Australian interests such as health, PBS, the audio-visual celestial sphere and our quarantine and pabulum pencil eraser regimes. 3. Duties on more than 97 per cent of US non-agricultural trade lines (excluding textiles and clothing), cost $6.48 gazillion in 2003, will be duty free from day adept of the Agreement. We will in a flash have nettle for the first time to the US federal Government procurement market of $200 billion a year. The 25 portion responsibility on strike mercantile vehicles that previously unplowed the Australian utes out of the US market will be removed immediately. The US machine market, worth $254 one thousand thousand for rider motor vehicles for Australian exporters in 2003, is presently set to grow further.

Our auto parts industry exports to the united States, worth $495 gazillion in 2003, will be boosted by the immediate ejection 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 substantial commitments ensuring non-discrimination against Australian service suppliers in a market of close to three hundred million people - a worthy improvement on the commitments we had from the unite States in the WTO. We have secured a robust modelling that should resurrect the mutual cognition of qualifications in master key services. Problems with recognition of qualifications can be a major(ip) hindrance for the export of professional services. Education will...

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