Australia United States Free Trade Agreement

o Beef: U.S. quota tariffs will expire over an 18-year period. Initial imports from Australia under the QRT quota will account for approximately 0.17% of U.S. beef production and 1.6% of U.S. beef imports. Quota increases will take effect when U.S. beef exports return to their 2003 level (before BSE) or three years after the agreement comes into force, depending on what happens first. The United States and Australia will cooperate with international organizations on BSE standards. At the end of the transition period, price-based coverage will be available and designed to respond to disruptions in the high-quality beef market. Following the signing of the free trade agreement, there was initial talk that the U.S. agricultural sector would put pressure on the agreement, fearing that it would interfere with the government`s agricultural subsidy program. However, the agreement with deadlines for importing Australian agricultural products, such as beef and sugar cane, has allayed concerns in the US agricultural market (while many Australian producers were very frustrated). · The “first-in-time, first-in-Right” principle applies to trademarks and geographical indications, so that the first person acquiring a right to a trademark or geographical indication is the person who has the right to use it.

Chapter 2 of the Free Trade Agreement sets out the conditions of the nature of non-discrimination. Some types of goods are immediately fully applicable to the contract and some are imported over a one-year period or a period of temporary application. According to Shiro Armstrong, of crawford School of Public Policy at the Australian National University, more than 10 years of data recording by the Productivity Commission concluded that Australia and the United States lost trade with the rest of the world – that there was trade diversion – because of THE AUSFTA after controlling country-specific factors. Estimates also indicate that trade between Australia and the United States as part of the implementation of the AUSFTA has declined, even after country-specific factors have been monitored. [15] Shiro Armstrong also concludes that Australia and the United States have reduced their trade with the rest of the world by $53 billion and are worse off than they would have been without the agreement. [16] · All U.S. agricultural exports to Australia, totalling more than $400 million, will have immediate duty-free access. While the system is very effective at keeping many drug prices low, pharmaceutical companies in both the U.S. and Australia are cautious about operating the system, saying that higher drug prices are needed to finance research and development costs.

U.S. pharmaceutical companies claim that Australians, when using low-cost drugs, are essentially exempt from the costs of research conducted in the United States[8] Data Elements for the Australia FTA Certificate of Origin – 19 CFR 10.724As alternative to the presentation of the Certificate of Origin, a free declaration of support can be used by Australian producers and exporters and U.S. importers. certify that its products comply with the requirements of the Australian Free Trade Agreement. · Requires transparent procedures for registering trademarks, including geographical indications.