Implications and Issues of the Australia-US Free Trade Agreement

1.<Tab/>INTRODUCTION 1.1.<Tab/>Background On 8 February, after almost 12 months of negotiations, Australia's Trade Minister and the United States Trade Representative announced that agreement has been reached on the main body of the text for the Australia-United States Free Trade Agreement (AUSFTA). Although yet to pass through the Australian and US domestic legislative processes that bring the 'agreed text' into effect, the agreement allows for removal of almost …

…of Economic Resources 5.<Tab/>Krueger, A.O. (1999) Trade Creation and Trade Diversion under NAFTA, Baldwin conference, National Bureau of Economic Resources 6.<Tab/>Lokuge & Faunce & Dennis (2003) A Backdoor to Higher Medicine Prices: Intellectual property and the Australia-US Free Trade Agreement, Australia Institute 7.<Tab/>Rawson, R. (2003) Implication of an Australia-US Free Trade Agreement, Mining 2003 Resources Convention, Brisbane, Minerals Council of Australia