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Why Did The United States And Australia Enter Into A Free Trade Agreement In 2004

In November 2004, Australia and the United States exchanged letters containing information on the implementation of certain aspects of AUSFTA with respect to intellectual property rights and exchanged notes confirming their understanding. · 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. In this section, it was agreed on the conditions of fair trade between telecommunications industries in different countries. In particular, the rules exclude measures relating to the transmission or cable distribution of radio or television programmes. · 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. · The two countries also commit to extending the non-discriminatory scope of the agreement to sub-central units and will cooperate with their respective states and territories in the coming weeks to refine the scope of this coverage. The Rules of Origin section describes the rules for determining the origin of goods traded to determine eligibility, as well as the method of determining the value of goods traded. Latham reacted unexpectedly by subordinating laboratory support to the free trade agreement to an amendment that would protect PBS. [9] This effectively turned the situation around to Howard: if the government rejected the amendment as unnecessary, it opened up to assertions that it does not protect Australian interests; while he supported the amendment, he tacitly acknowledged that the initial terms of the agreement were insufficient. The bill was eventually amended and passed. The agreement became an important political issue in the run-up to the 2004 elections. After a long period of negotiations under the leadership of Mark Vaile, Howard`s trade minister, the agreement was strongly supported by the Howard administration as a huge potential benefit to the Australian economy and essential to the continuation of the U.S.-Australia alliance. On March 3, 2004, the USTR released draft free trade agreements between the United States and Australia.

Special tariff quotas are part of the agreement. These quotas allow Australian producers to export larger quantities of these products to the United States duty-free during the duty elimination period. The following agricultural products are shown: According to Shiro Armstrong of the Crawford School of Public Policy at the Australian National University, more than 10 years of productivity commission data indicate that trade between Australia and the United States with the rest of the world – that there has been a trade diversion – has declined due to AUSFTA after monitoring country-specific factors.

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