Australia-United States Free Trade Agreement: Fact sheets

Competition

Summary

Australia and the United States agreed to uphold laws against anti-competitive business practices, and ensure that monopolies and government enterprises do not engage in anti-competitive practices.

The ACCC and the US Federal Trade Commission are cooperating further in detecting and notifying breaches, investigating cases, and coordinating enforcement of consumer protection laws.

Australian and US government agencies may take action to recover money owed to consumers and investors who are defrauded, deceived or misled.   The Parties will examine the scope for greater recognition of judgments in cases by the courts.

Australia and the United States agreed to consult and inform each other of competition matters that may affect bilateral trade and investment.

Gains for Australia