Australia is a prosperous and industrialized nation with a stable economy. Underpinning Australia's strong economy is its open and transparent trade and investment environment, and trade and economic links with emerging economies, particularly in Asia. The U.S. - Australia Free Trade Agreement provides some advantages for U.S. products, which are well regarded as high quality with good value. The United States accounted for US$1.1 billion or 12 percent of Australia’s total food related imports in 2017. Australia’s economy continues to expand and the market presents an excellent opportunity for U.S. exporters.