1 introduction australia and the united states have a relationship of considerable depth substance embracing ties history commerce culture linked by formal alliance for over forty years both share commitment to democracy inter national security an open world trading system s good standing with has been achieved through constant effort particularly on part this will continue be case in post cold war era one result new international strategic environment bring economic issues forefront us is changing reflect situation largest supplier imports foreign investment output australian owned firms now substantially exceeds value exports from also important commercial partner key partners asia pacific region active bilateral trade agenda component strategy designed maximise prospects into future it gives influential pursuing global regional policy