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What Is Free Trade Agreement Australia

In addition, workers` groups expressed concern about the agreement. In a report to the USTR office, the Laboratory Advisory Committee (LAC) recommended that Congress reject the U.S.-Australia free trade agreement because they believed the agreement did not meet the negotiating objectives of Congress. [6] The full text of the agreement, as well as useful information and fact sheets of the free trade agreement, are available on the website of the Ministry of Foreign Affairs and Trade. For any specific questions regarding the agreement, e-mail ChinaFTA@dfat.gov.au or DFAT phone on 02 6261 1111. Importers can contact the Ministry of the Interior. Many people on the Australian film and television scene have expressed concern about the impact of the agreement on government rules to impose a mandatory minimum of locally produced content on television. Given that US content can be purchased by networks at a reasonable price compared to local production of Australian content, there was concern that the agreement would further reduce the proportion of domestic media in Australian television channels and Australian cinemas. As a result, the Media, Entertainment and Art Alliance, as well as a number of prominent artists, have individually supported the rejection of the free trade agreement because it would undermine Australian culture. The objective of the “Safeguard measures” section of the agreement is to define an agreed structure for the protection of serious negative effects on each country`s domestic industries during the transition period following the abolition of tariffs.

Countries also agree to consider excluding the application of WTO safeguards on a global scale with respect to imports from the other country where such imports are not the source of the harm to domestic industry. In conjunction with the current WTO agreement on health and plant health measures (SPS), two committees are created in this section to ensure compliance with the provisions of the SPS agreement. Before entering the Chinese business market, there are a number of factors to consider, including culture, politics and business etiquette. Austrade can help Australian companies become familiar with local market conditions and help develop export opportunities through a number of market and Australian services. Chapter 4 deals with the trade in textiles and clothing between the two countries. Most of this section includes rules of origin for textile products and protection of the internal markets of both countries. The agreement provides for an emergency mechanism if the sudden increase in imports due to the reduction in tariffs has negative effects on the domestic industry of the importing country. The agreement contains, among other things, rules for the settlement of disputes between members of the telecommunications industry in one country with members of the other country. It gives business the right: 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 to the large US market, but heavily subsidized and protected by Australian producers.

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