Australia and United States are poised to unlock billions of dollars in licence-free defence trade on within weeks after the US agreed to sign off on legislation enabling AUKUS technology transfer.
Australia was notified of the Biden Administration’s intent to progress its reciprocal legislation at the Australia-US Ministerial Consultations (AUSMIN) in the US city of Annaoplis overnight.
A joint statement from both governments said Biden Administration will “immediately proceed with the requisite steps for submission of a determination to the United States Congress by August 17”.
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