[Weekly Compilation of Presidential Documents Volume 40, Number 28 (Monday, July 12, 2004)]
[Pages 1208-1209]
[Online from the Government Publishing Office, www.gpo.gov]
<R04>
Message to the Congress Transmitting Legislation To Implement the United
States-Australia Free Trade Agreement
July 6, 2004
To the Congress of the United States:
I am pleased to transmit legislation and supporting documents
prepared by my Administration to implement the United States-Australia
Free Trade Agreement (FTA). This Agreement adds an important dimension
to our bilateral relationship with a steadfast ally in the global
economic and strategic arena. This FTA will enhance the prosperity of
the people of the United States and Australia, serve the interest of
expanding U.S. commerce, and advance our overall national interest.
My Administration is committed to securing a level playing field and
creating opportunities for America's workers, farmers, and businesses.
The United States and Australia already enjoy a strong trade
relationship. The U.S.-Australia FTA will further open Australia's
market for U.S. manufactured goods, agricultural products, and services,
and will promote new growth in our bilateral trade. As soon as this FTA
enters into force, tariffs will be eliminated on almost all manufactured
goods traded between our countries, providing significant export
opportunities for American manufacturers. American farmers will also
benefit due to the elimination of tariffs on all exports of U.S.
agricultural products.
The U.S.-Australia FTA will also benefit small- and medium-sized
businesses and their employees. Such firms already account for a
significant amount of bilateral trade. The market opening resulting from
this Agreement presents opportunities for those
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firms looking to start or enhance participation in global trade.
In negotiating this FTA, my Administration was guided by the
negotiating objectives set out in the Trade Act of 2002. The Agreement's
provisions on agriculture represent a balanced response to those seeking
improved access to Australia's markets, through immediate elimination of
tariffs on U.S. exports and mechanisms to resolve sanitary and
phytosanitary issues and facilitate trade between our countries, while
recognizing the sensitive nature of some U.S. agricultural sectors and
their possible vulnerability to increased imports.
The U.S.-Australia FTA also reinforces the importance of creativity
and technology to both of our economies. The Agreement includes rules
providing for strong protection and enforcement of intellectual property
rights, promotes the use of electronic commerce, and provides for
increased cooperation between our agencies on addressing anticompetitive
practices, financial services, telecommunications, and other matters.
The Agreement memorializes our shared commitment to labor and
environmental issues. The United States and Australia have worked in
close cooperation on these issues in the past and will pursue this
strategy and commitment to cooperation in bilateral and global fora in
the future.
With the approval of this Agreement and passage of the implementing
legislation by the Congress, we will advance U.S. economic, security,
and political interests, and set an example of the benefits of free
trade and democracy for the world.
George W. Bush
The White House,
July 6, 2004.