Canada and Australia have a strong and varied bilateral relationship. Canada regularly consults with Australia to promote common interests on international issues on the basis of their political convergence in many areas, including defence and security, trade, economic growth, illegal immigration, counter-terrorism, counter-proliferation, social issues (including indigenous peoples), transportation and regional issues. Canada`s defence relations with Australia are the largest in the Asia-Pacific region. Canada also cooperates closely with Australia through multilateral institutions such as the United Nations, the Commonwealth, the World Trade Organization, the G20, the Organization for Economic Co-operation and Development, the Cairns Group and Asia-Pacific Economic Cooperation. In addition to traditional sectors such as mining and transportation, Canadian companies offer significant opportunities in the infrastructure sector. The Australian Trade and Investment Commission (Austrade) is forecasting capital expenditures of up to $125 billion in the Greenfield and Brownfield projects by 2019-20, creating significant opportunities for Canadian engineering, procurement and construction management companies, as well as thieves and Tier 3 service providers. Australia presented trade initiatives or trade agreements with countries or groups of countries in the table below. 4. The Advisory Group will continue to monitor multilateral and multi-lateral trade and economic developments of common interest.
The Government of Canada (`Canadian government`) and the Commonwealth Government of Australia (`Australian government`) have agreed to strengthen trade between their respective countries: the parties set up the Trade and Economic Cooperation Advisory Group (`Advisory Group`), chaired by representatives of the Parties to International Trade. , or their appointments, made up of other interested ministers or their representatives, which may be decided from time to time. 2. Identify options and take action through bilateral, multilateral or multilateral activities or forums to facilitate trade and investment between the two countries, including in the following areas: free trade agreements provide a mechanism for facilitating trade in goods. Each agreement contains information and links to legislation, guidelines and opinions on rules of origin and access to preferential rates. Tariffs and tariffs are constantly revised and can be changed without notice. Austrade strongly recommends that they be confirmed prior to the sale in Canada. With respect to market access for goods and services, a separate report on options and recommendations to reduce or remove trade barriers is prepared and will be discussed at the first meeting of the advisory group.
(c) the regular exchange of information and analysis on factors affecting bilateral trade and investment, measures to restrict trade in goods or services between the two countries, and measures taken from third countries that affect the parties` trade and investment interests; Recognizing the mutual benefits of long-term and stable economic relations and the development of their trade and investment relationships; 2. For the purposes of paragraph 5, point (l), the parties provide the Advisory Group with a report or report on the progress made and the results of the joint work programme in Schedule A, including options and measures proposed for further trade and investment liberalization between the parties in accordance with paragraph 2 of Schedule A.