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| Australia Free Trade Agreement | |
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U.S. Trade Representative Robert B. Zoellick and Australian Minister of Trade Mark Vaile signed a landmark Free Trade Agreement (FTA) on May 18, 2004 that will eliminate more than 99 percent of manufactured goods tariffs between the two countries from day one, open services and agricultural markets, and further deepen their already strong economic ties. The U.S.-Australia FTA is the first FTA between the United States and a developed country since the U.S.-Canada Free Trade Agreement in 1988. Australia is a large and growing trade and investment partner of the United States, and in 2003 was America’s 14th largest export market for goods. Two-way goods and services trade is nearly $29 billion, a 53-percent increase since 1994. |
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