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Essay / Research Paper Abstract
8 pages in length. As with myriad other countries around the world, the United States has secured a trade agreement with Australia in order to fortify a number of economic interests on both sides. The extent to which the 2003 FTA would establish a "unique opportunity to advance the interests of Australia's exporters" (Australian Department of Foreign Affairs and Trade, 2003) is both grand and far-reaching, not the least of which represents forward moving economic growth and a boost to employment. Agriculture, in particular, reflects one of the highest priorities given to any sector of commerce that had heretofore been a "significant market access barrier" (Australian Department of Foreign Affairs and Trade, 2003) prior to implementation of the United States/Australia FTA. Additional markets in line for expansion include manufacturing, services, investment, intellectual property rights, electronic and telecommunications commerce, government procurement and movement of people. Bibliography lists 5 sources.
Page Count:
8 pages (~225 words per page)
File: LM1_TLCUSAust.rtf
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Unformatted sample text from the term paper:
extent to which such the 2003 FTA would establish a "unique opportunity to advance the interests of Australias exporters" (Australian Department of Foreign Affairs and Trade, 2003) is both grand
and far-reaching, not the least of which represents forward moving economic growth and a boost to employment. Agriculture, in particular, reflects one of the highest priorities given to any
sector of commerce that had heretofore been a "significant market access barrier" (Australian Department of Foreign Affairs and Trade, 2003) prior to implementation of the United States/Australia FTA. Additional
markets in line for expansion include manufacturing, services, investment, intellectual property rights, electronic and telecommunications commerce, government procurement and movement of people (Australian Department of Foreign Affairs and Trade, 2003).
According to Australias Trade Minister Mark Vaile: "The decision to move ahead with negotiations vindicates the Governments determination to pursue this initiative over the last two years.
The size and dynamism of the US economy and the breadth of Australian interests in the US means Australia stands to gain in a wide range of sectors from lowering
of trade barriers and closer economic integration with the United States..."I have no doubt that FTA negotiations with the US will present us with major challenges, but the benefits to
the Australian economy will be in the order of many billions of dollars over time" (Bain, 2002). The Australia/United States FTA was established as a means by which two
industrialized nations could establish economic cohesion by bolstering their respective economies, work forces and political status. In more finite terms, it was formed to promote a climate of fair
marketing, improve investment opportunities, protect industrial and intellectual property rights, create jobs, raise living standards, as well as create a foundation for dispute resolution. Going in, there were a
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