It was not until early 2001, after the election of George W. Bush in the United States and with John Howard in power in Australia, that he became an Australia-USA. The ATF has finally taken shape. In April 2001, President Bush expressed interest in a free trade agreement with Australia, provided that “everything is on the table.” In 2004, the Australian Department of Foreign Affairs and Trade commissioned a private consulting firm – the Centre for International Economics (CIE) – to model the economic impact of such an agreement. Negotiations on the Free Trade Agreement began in March 2003 and, after six rounds of negotiations in Canberra, Hawaii and Washington, D.C, the text was finally adopted in February 2004 and signed in May 2004 in Washington by Australian Trade Minister Mark Vaile and U.S. Trade Representative Robert Zoellick. In the United States, the free trade agreement improved the overall trade deficit and generated a trade surplus with Australia, which increased by 31.7% in the first quarter of 2005 compared to the same period in 2004. U.S. exports to Australia increased by 11.7% in the first quarter of 2005 to nearly $3.7 billion. Agricultural exports to Australia increased by 20%. [Citation required] Publication 3722 of the International Trade Commission: This publication contains the HTSUS General Note 28 and a list of goods that have become duty-free upon entry into force, as well as the exit schedule for goods that, over time, become duty-free. Following the signing of the free trade agreement, there was initial talk that the U.S.
agricultural sector would put pressure on the agreement, fearing that it would interfere with the government`s agricultural subsidy program. However, the agreement with deadlines for importing Australian agricultural products, such as beef and sugar cane, has allayed concerns in the US agricultural market (while many Australian producers were very frustrated). According to Shiro Armstrong, of crawford School of Public Policy at the Australian National University, more than 10 years of data recording by the Productivity Commission concluded that Australia and the United States lost trade with the rest of the world – that there was trade diversion – because of THE AUSFTA after controlling country-specific factors. Estimates also indicate that trade between Australia and the United States as part of the implementation of the AUSFTA has declined, even after country-specific factors have been monitored.  Shiro Armstrong also concludes that Australia and the United States have reduced their trade with the rest of the world by $53 billion and are worse off than they would have been without the agreement.  On this page: Certificates and notification form Approved Certificate and Notification Models Calendar 7 – U.S. Free Trade Agreements Implementation Act 2004 Remedies Act (No. 2) 2006 More information The agreement requires the legal application of digital rights management systems, but an Australian legislative commission has published a report which states that this part of the treaty has a “serious error”: although the agreement provides for authorized exceptions allowing the use of copyright circumvention devices, it also prohibits access to tools used to circumvent such rights.