Free-Trade Talks
The Australian government wants to begin talks for a free-trade agreement with the U.S. early next year which allows increase access to the world's largest economy.
Australian companies, from BHP Steel to News Corp., are going to receive additional A$4 billion ($2.2 billion) a year of sales through better access to the nation's second-biggest trading partner and largest source of foreign investment.
Trade between the two countries was worth about A$33.3 billion in 2001.
Free-trade is beneficial both for the US and Australian companies.
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