Attorney-General’s

Australia-United States Free Trade Agreement

Revenue ($m)

	2004-05	2005-06	2006-07	2007-08
Australian Customs Service	-190.0	-400.0	-420.0	-450.0

On 8 February 2004, the governments of Australia and the United States of America concluded the negotiations of the Australia-United States Free Trade Agreement. Under the agreement, both parties have agreed to eliminate tariffs on the majority of imports from the other country. Both parties are committed to completing their domestic processes in time to give effect to the agreement from 1 January 2005.

Under the agreement, agricultural and most manufactured goods imported into Australia from the United States will be duty-free from 1 January 2005. Tariffs on a number of other items imported from the United States will be phased out from 1 January 2005, with all goods imported from the United States duty-free by 2015.

The agreement builds on Australia’s strong economic partnership with the United States, providing significant benefits to the Australian economy including lower costs for goods and services to Australian consumers.

Further information can be found in the press release of 8 February 2004 issued by the Minister for Trade.

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