Free Trade Agreement Can Reduce Impediments

LATEST AUSTRALIAN BUSINESS NEWS

Multilateral and bilateral trade agreements – such as the Free Trade Agreement that exists between the USA and Australia - can remove some of the barriers U.S. based logistic service providers face in foreign markets, according to a U.S. International Trade Commission (USITC) report.

In a May 16 news release announcing its publication, the USITC notes that in recent years impediments in some logistic-related sectors have been reduced as a result of unilateral deregulation or multilateral trade agreements. The report concludes that some of the remaining barriers can be further lowered through multilateral trade negotiations and bilateral free-trade agreements, and that the latter provide the greatest benefit to logistic service firms.

The report also says that the reduction or removal of impediments affecting the industry could lead to an increase in U.S. goods exports.

The report, which was prepared at the request of the Office of the U.S. Trade Representative, can be viewed on the USITC internet site - click here.

For information on this article, or on any other aspect of the Australian economy or business opportunities available, please email me.

David

editor@agarcarlyon.com