Looking around for information on the US-Australian FTA, it seems that it is unlikely to include Agriculture, while resulting in substantial inroads into biosecurity, food safety, intellectual property and public services (there's a good summary of each side's demands here). Australia has a large enough manufacturing sector for it to be worthwhile making concessions for better access for non-agricultural exports. New Zealand, on the other hand, does not. All we want out of the US is the ability to sell our lamb and dairy products to them. If we're not going to get that, then there simply is no point.
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