The Australia-United States Free Trade Agreement
in Ross Buckley, Vai Io Lo and Laurence Boulle (eds), Challenges to Multilateral Trade: The Impact of Bilateral, Preferential and Regional Agreements (The Hague: Kluwer Law International, 2008) 115–123 (ISBN 978 90 411 2711 2)
12 Pages Posted: 28 Sep 2015
Date Written: 2008
The Australia-US Free Trade Agreement (AUSFTA) provides an illustration of the outcomes that countries with relatively little bargaining and economic power can expect from an FTA with the US. It also serves as a warning of how even an economically successful developed country may end up sacrificing its welfare, public policies and democratic processes in a dogged pursuit to cement relations with the United States, in a manner that would be unlikely in the vigorous negotiating environment of the WTO.
I begin by examining the way in which the AUSFTA was negotiated, before turning to the substantive outcomes of those negotiations in one key area, namely sugar. Finally, I consider the impact of the AUSFTA to date and its future implications.
Keywords: Australia-US Free Trade Agreement, Australia trade, US trade, sugar
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