With softening business conditions and economic growth subdued, commercial property market sentiment remained negative in the September quarter
Insight
The United States of America (US) is the economic powerhouse of the world, with its largest and richest consumer market. Last year marked the 10th anniversary of the Australia-United States Free Trade Agreement (AUSFTA), which came into force in January 2005.
The United States of America (US) is the economic powerhouse of the world, with its largest and richest consumer market.
Last year marked the 10th anniversary of the Australia-United States Free Trade Agreement (AUSFTA), which came into force in January 2005. Two-way investment has more than doubled since, growing from $642 billion in 2004 to more than $1.3 trillion in 2014. Two-way trade in goods and services has also increased – from $41 billion in 2004 to more than $60 billion in 2014, making the US Australia’s third-largest two-way trading partner.
There are a variety of resources available to help Australian businesses enter the US market, including:
This article was first published in Business View magazine (Summer 2015). For more articles and interactivity, download the iPad edition of Business View for free via our app, NAB Think.
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