Chemicals and Pharmaceuticalsu.s.-australia Free Trade Agreement • June 7th, 2005
Contract Type FiledJune 7th, 2005This sector is defined by the Chemical Harmonization and Pharmaceutical Uruguay Round sectoral agreements. Chemicals accounted for 10.5 percent of total U.S. exports to Australia in 2003, totaling $1.3 billion. The top U.S. exports in this sector are phosphates, potassium, and cosmetics. Pharmaceuticals accounted for 3.7 percent in total U.S. exports, totaling $471 million in 2003. The top U.S. pharmaceutical exports are pre-measured medication, sterile dressings and vitamins. Australia’s tariffs range between zero and 25 percent with an average of 1.85 percent in 2003.