Australia and the United States celebrated the 10th anniversary of the entry into force of the Australia-United States Free Trade Agreement (AUSFTA) in 2015. This agreement is one of Australia’s longest-running and most comprehensive Free Trade Agreements. It underpins the trade and investment relationship between Australia and the United States, which is by far the largest investor in Australia and Australia’s second largest bilateral trading partner.
AUSFTA contains provisions for a Joint Committee Meeting (JCM) to be held between the Australian and United States governments. The last JCM was held in May 2016, where both Australia the United States reaffirmed the importance of AUSFTA and that it is a key pillar of the strong and multifaceted partnership between Australia and the United States.
DFAT invites submissions from stakeholders for an upcoming JCM, to be held between Australian and US Government officials. We expect the JCM will be held by the end of the 2017. We will provide further advice on this webpage once the date has been confirmed.
For more information on AUSFTA and Australia-United States economic co-operation, see DFAT’s United States Country Brief and DFAT’s AUSFTA page.
What is the role of a JCM?
JCMs are the key governance mechanism of AUSFTA, and they should be convened regularly to take stock of the Agreement. JCMs allow the Australian and United States Governments to jointly review the operation of the Agreement and identify opportunities to further strengthen our trade relationship. While these meetings generally do not review the text of the FTA, they allow both countries to conduct a ‘health check’ of the FTA.
Opening markets for Australian businesses and consumers is a critical objective for the Australian Government. The Government wishes to ensure Australian interests are advanced under AUSFTA and that Australian business are kept up to date on the opportunities the Agreement provides. Reviewing AUSFTA’s operation helps ensure that the Agreement continues to reflect the changing trade and economic landscape affecting both countries and globally and to provide opportunities for Australian business.
DFAT invites submissions as part of our preparations for the upcoming JCM. We are particularly interested in feedback on specific AUSFTA issues and/or the general functioning of the Agreement. Responses can be emailed to firstname.lastname@example.org by close of business
3 November 2017.