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The Australia–United States Free Trade Agreement (AUSFTA) is a preferential trade agreement between Australia and the United States modelled on the North American Free Trade Agreement (NAFTA). The AUSFTA was signed on 18 May 2004 and came into effect on 1 January 2005.
Australia was a founding member of the General Agreement on Tariffs and Trade (GATT) in 1947, which aimed to promote international trade by reducing tariffs and other trade barriers. The focus during this period was primarily on multilateral trade negotiations rather than bilateral agreements.
A multilateral free trade agreement is between several countries all treated equally, and creates a free trade area.Every customs union, common market, economic union, customs and monetary union and economic and monetary union is also a free trade area, and are not included below.
United States–Ghana Free Trade Agreement; United States–Indonesia Free Trade Agreement; United States–Kenya Free Trade Agreement; United States–Kuwait Free Trade Agreement (Expert-level trade talks held in February 2006) (part of US–MEFTA initiative) United States–Malaysia Free Trade Agreement (next meeting on January 14, 2008 in ...
Chile–United States Free Trade Agreement [8] [9] Colombia: 1 November 20, 2006 May 15, 2012 United States–Colombia Free Trade Agreement [10] [11] Israel Palestine Authority: 2 April 22, 1985 August 19, 1985 Israel–United States Free Trade Agreement [12] [13] Jordan: 1 October 24, 2000 December 17, 2001 Jordan–United States Free Trade ...
This page was last edited on 5 November 2023, at 20:51 (UTC).; Text is available under the Creative Commons Attribution-ShareAlike 4.0 License; additional terms may apply.
Trade between the United States and Australia is strong, as evidenced by the Australia–United States Free Trade Agreement. The United States is Australia's fourth largest export market and its second largest source of imports. [80] The United States is also the largest investor in Australia while Australia is the fifth largest investor in the US.
Australia currently has bilateral Free Trade Agreements with New Zealand, the United States, Thailand and Singapore as of 2007 and the United Kingdom as of 2021. As well as this, Australia is in the process undertaking studies on Free Trade Agreements with ASEAN, China, Chile, India, Indonesia, and Malaysia. Australia–Chile Free Trade Agreement
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