FTA with USA: Major opportunity for Australian business
Tuesday, 10 February 2004
Mr Andrew Stoler, Executive Director of the University of 亚洲色吧's Institute for International Business, Economics and Law, has hailed the Australia-USA Free Trade Agreement as a major opportunity for Australian business.
Speaking at CEDA-sponsored conferences in 亚洲色吧 and Melbourne on 9- 10 February, Mr Stoler, a former Deputy Director-General of the WTO, pointed out that as from January, the overwhelming proportion of Australian exports would enter US markets duty free, Australians would be able to access an American Government procurement market worth US$ 270 billion, and most Australian services providers would receive national treatment in the USA.
While indicating that Australia as a whole would benefit importantly from the new opportunities, Mr Stoler emphasized that the agreement contained a number of provisions of particular interest and benefit to South Australia.
"On day one of this agreement, $310 million in auto parts exports and $140 million in seafood exports will get dut