1. A bilateral agreement means affecting or undertaking an agreement by two sides equally, allowing both sides to do good from the agreement. 2. This agreement go forth improve Australias peck relationravish with the worlds about dynamic and richest economy, it get out signifi erecttly sharpen Australias attractiveness as a destination for US enthronization allowing Australia to stay at the leading edge of deformth and competativeness, for the merchandise industry it will further adavnce in the market and maturation export opportunities and secured significant Australian interests such as health, PBS, the audio-visual arena and our quarantine and pabulum safety regimes. 3. Duties on more than 97 per cent of US non-agricultural tariff lines (excluding textiles and clothing), cost $6.48 billion in 2003, will be duty free from day ane of the Agreement. We will in a flash have regain for the first time to the US federal Government procural market of $200 bill ion a year. The 25 part tariff on light mercantile vehicles that previously unbroken the Australian utes out of the US market will be removed immediately. The US auto market, worth $254 one thousand million for passenger motor vehicles for Australian exporters in 2003, is presently set to grow further. Our auto parts industry exports to the united States, worth $495 million in 2003, will be boosted by the immediate excrement of tariffs. The 50 percent tariff on merchant ship repairs and maintenance, part of the maritime protection know as the Jones Act, will be removed. 4. We have important commitments ensuring non-discrimination against Australian service suppliers in a market of almost three hundred million people - a valuable improvement on the commitments we had from the get together States in the WTO. We have secured a robust modelling that should go on the mutual cognition of qualifications in paid services. Problems with recognition of qualifica tions can be a major hindrance for the expor! t of professional services. Education will...If you want to get a bounteous essay, enjoin it on our website: OrderCustomPaper.com
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