The United States of America (US) remains the world’s largest economy, with an annual gross domestic product (GDP) of over US$21.43 trillion (nominal) and a population of over 331 million people. The US is one of Australia’s most important trade and investment partners: the number one destination for Australian investment abroad, and Australia’s number one source of foreign investment.
Since the Australia-United States Free Trade Agreement (AUSFTA) entered into force, two-way trade has doubled, two-way investment has tripled, hundreds of thousands of jobs have been created, and the economies of the United States and Australia have become more closely integrated. The US market’s world leading consumer demand is an attractive opportunity for Australian exporters, but is highly competitive and diverse. Australia enjoys considerable market access advantages under the Australia-United States Free Trade Agreement (AUSFTA).
Read about Innovation Jobs Prosperity – Australia United States Free Trade Agreement (PDF 2.517MB)
More information on doing business in United States of America
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The California Consumer Privacy Act (CCPA)
The CCPA came into force on January 1 2020, creating new consumer rights for California residents relating to the access to, deletion of and sharing of personal information that is collected by businesses. If you are an Australian company doing, or planning to do, business in California, you will need to consider whether your business is covered by the CCPA.
US regional market profiles