United States-Australia Free Trade Agreement Implementation Act

In conjunction with the current WTO agreement on health and plant health measures (SPS), two committees are created in this section to ensure compliance with the provisions of the SPS agreement. With respect to a trademark, the registered owner is the person in whose name the trademark is registered under the 1995 Trademark Act. After the second reading speech, these reforms are part of a series of reforms drawn up by the government with the agreement of key stakeholders, including all state and territorial governments. (63) According to the Minister of Commerce, a second package of reforms is proposed in a subsequent bill. In the year following the agreement, Australian exports to the United States declined,[10] while U.S. exports to Australia increased. This was followed by the International Monetary Fund`s prediction that the Australia-U.S. free trade agreement would slightly reduce the Australian economy due to the loss of trade with other countries. The IMF has estimated $US an additional US$5.25 billion a year to Australia under the free trade agreement, but only $US 2.97 billion in additional Australian exports to the United States each year.

[11] It is not clear, however, that the deterioration of Australia`s trade deficit with the United States can be attributed solely to the free trade agreement. This could be a deferred effect of the appreciation of the Australian dollar against the U.S. dollar between 2000 and 2003. v) after registration, the applicant would have trademark rights over speech or expression. 4. In determining a geographical indication, the committee cannot consider the presentation to the extent that the allegation asserts a trademark right with respect to the proposed geographical indication. (c) the agreement was entered into for the purposes of the deed on a specific date which, with the exception of that property, would infringe copyright; and Chapter 19 addresses concerns that the parties may seek commercial benefits by relaxing environmental legislation. Australia is not a very important partner for the United States, with only 1.1 per cent of total U.S. trade or $27.9 billion in 2003, although Australia is the target of 1.8 per cent of U.S.

exports. (7) The United States has its largest bilateral surplus with Australia, or the second highest, according to the treatment of trade through the Netherlands. Overall, the United States, like Australia, has a large trade deficit. Draft text of the U.S.-Australia Free Trade Agreement (AUSFTA) For the United States, the free trade agreement improved the overall trade deficit and generated a trade surplus with Australia, which increased by 31.7% in the first quarter of 2005 compared to the same period in 2004. U.S. exports to Australia increased by 11.7% in the first quarter of 2005 to nearly $3.7 billion. Agricultural exports to Australia increased by 20%. [Citation required] On December 6, 2017, the United States and Australia held the sixth joint committee meeting of the U.S.-Australia Free Trade Agreement to verify the implementation of the agreement, including specific issues related to trade in goods and services and issues related to intellectual property rights and investment. The liberalization of trade in goods and services contributes to prosperity and real GDP to an additional $1 billion per year, above what it could be a decade later. The size of this effect reflects several things.

First, Australia and the United States are already relatively open economies, with average tariffs of 4.5% and 3.6%. Second, if tariffs are preferably eliminated, there will be some reorientation of trade, which offsets some of the benefits. Third, services markets are also relatively open in both countries. The Australian government did not have a majority in the Senate and therefore needed the support of the opposition Labor Party, the Greens, the Democrats or independent senators to get the ratified

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