Australian

1. A bilateral agreement 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 trade relation embark with the worlds about dynamic and richest economy, it will signifi potfultly deepen Australias attractiveness as a destination for US investment allowing Australia to stay at the leading edge of letth and competativeness, for the deal industry it will further adavnce in the market and adjoin export opportunities and secured significant Australian interests such as health, PBS, the audio-visual orbit and our quarantine and pabulum safety regimes. 3. Duties on more than 97 per cent of US non-agricultural tariff lines (excluding textiles and clothing), cost $6.48 billion in 2003, will be duty free from day mavin of the Agreement. We will in a flash have admission for the first time to the US federal Government procurance market of $200 billion a year. The 25 percent tariff on light mercantile vehicles that previously unploughed the Australian utes out of the US market will be removed immediately. The US auto market, worth $254 one one thousand thousand million 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 million in 2003, will be boosted by the immediate extermination 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 important co mmitments ensuring non-discrimination agains! t Australian service suppliers in a market of almost three hundred million people - a valuable improvement on the commitments we had from the join States in the WTO. We have secured a robust modelling that should encourage the mutual cognition of qualifications in schoolmaster services. Problems with recognition of qualifications can be a major hindrance for the export of professional services. Education will...

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