The Australia-United States Free Trade Agreement (AUSFTA) came into force on 1 January 2005. The AUSFTA is an agreement that gives Australian businesses greater opportunities for two way trade and investment with the world’s largest consumer market.
The agreement has played an important role in drawing US attention towards Australia as an innovative and significant global partner. AUSFTA reduced tariffs, increased quotas, granted greater intellectual property protection, opened two-way investment and eased some market restrictions in the Buy American Act.
The AUFSTA provides a great example of a modern, bilateral trade agreement that has brought and will continue to bring trade and investment benefits to Australia.
More information on doing business in United States of America