As the United States and Australia both enter an unprecedented tenth year of economic prosperity ? with both countries enjoying low inflation, declining unemployment, and GDP growth rates of 3-4 percent ? their commercial relationships remain wide-ranging and friendly. American company names are commonplace in the Australian market, and U.S. companies are Australia?s largest source of investment (cumulative U.S. investment in Australia totaled over $100 billion through 1999). The U.S. maintained a trade surplus with Australia of $6.5 billion in 1999, or roughly the same level as in 1998. Australia is currently the 15 the largest destination for U.S. exports, just behind larger heavyweights such as Brazil and China. American companies are attracted to the Australian market for its familiar institutions and quality infrastructure: a stable legal and political system, a common language, excellent communications and transportation infrastructure, a high living standard,...

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