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Trade and investment

trade and investment

Doing business with Australia

The United States is Australia’s second largest trading partner and Australia is an important economic partner for the United States.

The economic relationship supports hundreds of thousands of jobs in both Australia and the US.

Over 10,000 Australian companies sell to or operate in the United States, including Westfield, Brambles, Atlassian, Vidy and Bluestone Lane.

The Australia-United States Free Trade Agreement (AUSFTA) entered into force on 1 January 2005. Over 97 per cent of Australia's non-agricultural exports to the United States (excluding textiles and clothing) are now duty free, and three quarters of agricultural tariff lines have been eliminated. Under AUSFTA, Australian companies also have access to the federal government procurement market in the United States (valued at over US$535 billion), and the government procurement markets of 31 US states. The trade and investment relationship has flourished under AUSFTA, with two-way trade growing from A$42 billion to over A$64 billion since it came into force.

Australia and the United States have a record of working together closely to further economic prosperity through free and open trade. Australia and the United States worked closely in establishing the G20, and work together in global and regional trade and economic fora, including the World Trade Organization (WTO) and the Asia-Pacific Economic Cooperation (APEC) forum.

Invest in Australia

Australia is the world’s 13th largest economy. Australia’s highly skilled workforce, robust economy, trusted legal system and stable society make it an attractive place to invest. The stock of foreign investment in Australia exceeds $735 billion.

Five reasons to invest in Australia

  1. 27 years of uninterrupted annual economic growth: Australia's strong, diverse and growing economy adds up to more opportunitiesAustralia’s economy is underpinned by strong institutions, an exceptional services sector and an ability to respond to global change.
  2. World-class innovation: Australia supports world-class, globally significant research and development opportunities.
  3. World's fastest growing region:  With strong trade links, strategic location, a favorable time zone and a highly educated, multilingual workforce, Australia is uniquely positioned as a location to do business in the Indo-Pacific.
  4. Easy to run a business: Ranked in the global top five on the Index of Economic Freedom, Australia’s effective governance provides multinationals with a safe, secure business environment.
  5. Highly skilled workforce: Australia's multilingual workforce is among the most educated and diverse in the world.

Australia and United States economic partnership

Australia and the United States are trusted trade and investment partners. The stock of bilateral investment between Australia and the US now exceeds A$1.4 trillion – over 70 percent more than Australia’s next largest investment relationship. A quarter of Australia’s inward foreign investment – more than A$860.9 billion is from the United States.

Trade between the US and Australia is underpinned by the Australia-United States Free Trade Agreement (AUSFTA) which came into effect in 2005. Since AUSFTA, exports of US goods to Australia have increased by over 91 per cent.

Key statistics:

  • The United States is Australia’s second largest trading partner.
  • The largest American exports to Australia are passenger motor vehicles; aircraft, spacecraft and parts; medical instruments; and measuring and analysing instruments.
  • Australia’s biggest exports to the US are beef and other meats; aircraft, spacecraft and parts; and pharmaceutical products, excluding medicaments.
  • The US runs a large trade surplus with Australia.
  • More than one million Australians visit the United States as tourists each year, spending more than USD 7 billion in the US.

Business Resources

United States of America country economic fact sheet [PDF 33 KB] - Department of Foreign Affairs and Trade

Trade and investment opportunities with Australia - The Australian Trade and Investment Commission (Austrade)

Australian Company Success Stories - The Australian Trade and Investment Commission (Austrade)