· Promotes the development of an online system for the registration and maintenance of trademarks as well as a searchable database. The agreement became an important political theme on the eve of the 2004 elections. After a long period of negotiations under the leadership of Howard`s Trade Minister Mark Vaile, the deal was strongly supported by the Howard government as a huge potential benefit to the Australian economy and essential to the continuation of the US-Australia alliance. Draft texts of the United States-Australia Free Trade Agreement (AUSFTA) · The United States and Australia will work to remove sanitary and phytosanitary barriers to agricultural trade, particularly pork, citrus, apples and pebble fruits Many members of the Australian film and television community have expressed concern about the impact of the agreement on government rules that impose a mandatory minimum of locally produced content on television. Given that U.S. content can be purchased by networks at a much lower price than local production of Australian content, there was concern that the deal would lead to a decrease in the share of national media on Australian television channels and an even greater reduction in Australian cinemas. As a result, the Media, Entertainment and Arts Alliance and a number of prominent artists individually supported the rejection of the free trade agreement on the grounds that it would harm Australian culture. Austrade can help Australian companies become familiar with local market conditions and help develop export opportunities through a number of merchant and Australian services. · Specifies that test data and trade secrets submitted to a government for the purpose of marketing authorization of the product will be protected against unfair commercial use for a period of 5 years for drugs and ten years for agrochemicals. Address potential gaps in these provisions.
For the United States, the free trade agreement improved the overall trade deficit situation and created 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 rose 11.7 percent in the first quarter of 2005 to nearly $3.7 billion in the quarter. Agricultural exports to Australia increased by 20%. The USDA Animal and Animal Health Inspection Service and biosecurity Australia will ensure the establishment of a permanent technical working group, including representation of trade agencies, to cooperate as early as possible in each country`s regulatory process, in order to cooperate in the development of scientifically based measures affecting trade between the two countries. Concern over the Pharmaceutical Benefits Scheme has sparked speculation that the United States would make a firm commitment to repeal it as part of a free trade agreement. The government has been criticized, particularly by Australian Democrats and Greens, for not doing enough to keep the Pharmaceutical Benefits Scheme running, accusations the government has vigorously rejected. Some academics (such as Thomas Alured Faunce) have claimed that the provisions of the agreement would lead to an increase in the price of PBS drugs. However, the relevant text was effectively limited to the issue of process and transparency and did not contain any provisions that might affect the price, which ultimately did not turn out to be the case. Accordingly, each Party shall endeavour to ensure that it does not waive, waive or propose to waive or derogate from such laws in a manner that weakens or reduces the protection afforded by such laws as an incentive for trade with the other Party or as an incentive for establishment, acquisition; Extension or maintenance of an investment in its territory. Subject to some exceptions and the non-participation of some U.S.
states, the agreement required each party to accord treatment no less favourable to the other country when acquiring governments and authorities than the most favourable treatment accorded to domestic goods, services and suppliers. . . .