FedEx-Austrade signup to boost trade between Australia & US
22 Feb '06
3 min read
Logistics Manager FedEx Express, a subsidiary of FedEx Corp and the Australian Trade Commission (Austrade), have signed a two-year alliance agreement to expand trade between Australia and the United States. t
The agreement leverages the expertise of both FedEx and Austrade in order to make expert resources available and connect Australian and US businesses that wish to import and export.
Through this alliance, US and Australian businesses will have the tools to better take advantage of the Australia-United States Free Trade Agreement, which was effective in January 2005. Through the agreement, more than 99 percent of US-manufactured goods exported to Australia are duty-free. It also made importing products from Australia easier and more cost-effective.
"This is an exciting development for Australian businesses," said Geoff Gray, Austrade Senior Trade Commissioner (USA). "By combining our resources, FedEx and Austrade will make it easier for Australian and US companies to develop commercial relationships. This alliance will also help promote the benefits of the Australia-United States Free Trade Agreement to US and Australian companies and generate further interest in trade between the two countries.”
"In 2004, bilateral trade between Australia and the U.S. totaled more than US$21 billion," added Gray. "Initiatives such as this will encourage more Australian companies to export, expand their businesses and contribute to our country's economic growth."
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