Japan–Australia Economic Partnership Agreement

The Japan–Australia Economic Partnership Agreement was concluded between Australia and Japan in November 2014 and took effect January 15, 2015.[1]

Background

Australia's negotiations for an agreement with Japan began under the Howard Government in 2007.[2] In April 2014, Australia's Prime Minister Tony Abbott led a trade delegation to Japan, South Korea and China. The three economies accounted for more than half of all of Australia's two-way trade.[3] On the Japanese leg, Abbott was received by Emperor Akihito and, secured the key elements of a free trade agreement with the government of Shinzo Abe.[4]

A number of concessions were secured for Australian agricultural exporters, while Australian tariffs on electronics, whitegoods and cars were to be lowered. Negotiations for the agreement began under the Howard Government in 2007. Abbott said, "This is the first time that Japan has negotiated a comprehensive economic partnership agreement or free trade agreement with a major economy, particularly a major economy with a strong agricultural sector."[2] Prime Minister Abe traveled to Australia in July to sign the Japan–Australia Economic Partnership Agreement, and address the Australian Parliament.[5]

Australia's Department of Foreign Affairs said: "The agreement will provide valuable preferential access for Australia's exports and is by far the most liberalising trade agreement Japan has ever concluded. Australia and Japan are natural partners with highly complementary economies. The agreement will bring our economies and societies even closer and underpin a strong relationship for many years to come."[1]

While the prior tariff on new car imports from Japan was eliminated, the agreement included a flat $12000 fee on imports of used vehicles from Japan.[6]

References

  1. 1 2 "Japan-Australia Economic Partnership Agreement". Australian Government / Department of Foreign Affairs and Trade. Retrieved 28 November 2015.
  2. 1 2 Australia strikes free trade deal with Japan, beef and horticultural industries secure major concessions; ABC; 8 April 2014
  3. ↑ Abbott in China shows skills beyond his years; Mark Kenny; SMH; 11 April 2014
  4. ↑ Asia, North (2014-04-07). "Tony Abbott in Japan: PM greeted with full pomp and ceremony in Tokyo - ABC News (Australian Broadcasting Corporation)". Abc.net.au. Retrieved 2014-07-13.
  5. ↑ Bourke, Latika (8 July 2014). "Japan's prime minister Shinzo Abe addresses Federal Parliament, signs free trade deal with Australia". Australian Broadcasting Commission. Archived from the original on 1 February 2016.
  6. ↑ "Japan-Australia Economic Partnership Agreement - Outcomes at a Glance" (PDF). Department of Foreign Affairs and Trade, Australia Government. 2015-06-08. Retrieved 28 November 2015.
This article is issued from Wikipedia - version of the Friday, April 01, 2016. The text is available under the Creative Commons Attribution/Share Alike but additional terms may apply for the media files.