Australia-United States Free Trade Agreement
The Government of Australia and the Government of the United States of America ("the Parties"), resolved to:
- Reinforce the longstanding ties of friendship and cooperation between them;
- Strengthen their economic relations and further liberalize and expand bilateral trade and investment;
- Establish clear and mutually advantageous rules governing their trade and reduce the barriers to trade that exist between them;
- Encourage a closer economic partnership that will bring economic and social benefits, create new employment opportunities, and improve living standards for their people;
- Promote a predictable, transparent, and consistent business environment that will assist enterprises to plan effectively and use resources efficiently;
- Foster creativity and innovation and promote stronger links between dynamic sectors of their economies;
- Implement this Agreement in a manner consistent with their commitment to high labour standards, sustainable development, and environmental protection; and
- Build on their rights and obligations under the WTO Agreement and other agreements to which they are both parties;
Have Agreed as follows: