Free Trade Agreement in Australia
This Chapter establishes the framework for the Free Trade Agreement. It states that the provisions are consistent with the relevant sections of the General Agreement on Tariffs and Trade (GATT) 1994 and the General Agreement on Trade in Services (GATS). Both GATT and GATS are documents created by World Trade Organization (WTO) agreements and set the limits for subsequent bilateral agreements such as the Australian-American Agreement. Free trade agreements. Chapter Two of the FTA sets out the conditions under which types of goods are subject to non-discriminatory treatment. Some types of goods are immediately fully applicable to the contract and some are phased in over a period of several years or are temporarily applicable. Australia as a whole is heavily dependent on the primary sector, and the main benefits of a free trade agreement between the two countries have been seen as better access for Australian manufacturers to the large but heavily subsidised and protected US market. In particular, the National Rural and Regional Party campaigned strongly for the agreement to be extended to the export of sugar. The final provisions of the agreement did not go as far as hoped and, as a result, some sugar industry lobbyists, including independent Bob Katter, lobbied for the free trade agreement to be rejected.
However, many, like the then Premier of Queensland, Peter Beattie, still felt that the deal was a net gain for Australian agriculture and supported ratification on that basis. Many members of the Australian film and television community have expressed concern about the impact of the agreement on government regulations that apply a mandatory minimum of locally produced content on television. Given that U.S. content can be purchased from networks at a much lower cost than local production of Australian content, there was concern that the agreement would lead to a further reduction in the declining share of national media broadcast on Australian television channels and cinemas. As a result, the Media, Entertainment and Arts Alliance, along with a number of prominent artists, have individually advocated for the free trade agreement to be rejected on the grounds that it would undermine Australian culture. The objective of the “Safeguards” section of the Agreement is to establish an agreed structure to protect against serious adverse effects on each country`s domestic industry during the transition period following the lifting of tariffs. Countries also agree to consider excluding imports from the other country where such imports do not constitute a serious cause of injury to the domestic industry from the application of WTO global safeguard measures. The full text of each agreement and information on the status of free trade agreements in force, concluded and under negotiation are available on the Department of Foreign Affairs and Trade (DFATD) website. Need help accessing the benefit of free trade? Consult the user manual (PDF 532KB) or send an e-mail fta@austrade.gov.au chapter four deals with trade in textiles and clothing between the two country parties. Most of this section contains provisions on rules of origin for textile products and safeguarding the internal markets of both countries. The agreement provides a mechanism for taking emergency measures if the sudden increase in imports due to the reduction in tariffs has negative effects on the domestic industry of the importing country. In Australia, the implementing legislation for the agreement, the United States Free Trade Agreement Implementation Act of 2004, was reluctantly passed by the Senate on August 13, 2004 with amendments.
==References=====External links===The administration accepted the amended Australian legislation as compatible with the implementation of the agreement. [Citation needed] Australia has trade initiatives or trade agreements with the countries or groups of countries listed in the table below. This section recognizes the rights and obligations of Australia and the United States to each other with respect to addressing trade barriers. These rights and obligations have been defined in the WTO Agreement on Technical Barriers to Trade, which deals with, inter alia, standards, regulations and conformity assessments. According to the Australian Department of Foreign Affairs and Trade, the trade imbalance between the United States and Australia increased significantly in 2007. The United States has become Australia`s main source of imports, with goods and services imported worth more than A$31 billion. However, Australia`s exports to the United States amounted to only $15.8 billion. [12] It is still unclear what real benefits, if any, the agreement has brought.
In addition, this section describes customs cooperation to ensure compliance with the rules of the Agreement and describes possible measures that can be taken if the exporting country appears to be acting in bad faith. .
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