Australia Free Trade Agreement Japan

Dr Patricia Ranald was asked on Friday, March 21 at the RN Breakfast about the link between the proposed free trade agreement between Japan and Australia and the negotiations on the Trans-Pacific Partnership Free Trade Agreement.… This publication was published prior to the entry into force on 15 January 2015 of the Japan-Australia Economic Partnership Agreement (JAEPA). Japan is the world`s third largest economy and has a long and important trade relationship with Queensland. It is Queensland`s second largest trading partner, worth $8.8 billion, or nearly 20% of Queensland`s total exports. The Australian Department of Foreign Affairs said: “The agreement will provide valuable preferential access to Australian exports and is by far the liberalizing trade agreement that Japan has ever concluded. Australia and Japan are natural partners with very complementary economies. This agreement will bring our economies and societies even closer together and strengthen a strong relationship for many years to come. [1] The Wire reports on the free trade agreement between Japan and Australia, including an interview with AFTINET organizer Dr.

Patricia Ranald. This groundbreaking agreement will significantly improve Australian businesses` access to the world`s third largest economy. The Japan-Australia Economic Partnership Agreement (JAEPA) offers significant benefits to the Australian economy and facilitates business with Japan, our second largest trading partner. The agreement will strengthen and strengthen trade between two of the largest economies in the Asia-Pacific region. Japan is an economic heavyweight: it is the world`s third largest economy with a value of nearly $5 trillion in 2013 and Australia`s second largest trading partner. Two-way trade between Japan and Australia totalted $70.8 billion in 2013, or more than 10% of Australia`s total trade. A number of concessions were guaranteed for Australian agricultural exporters, while Australian tariffs on electronics, white goods and cars were to be reduced. Negotiations on the agreement began under the Howard government in 2007. Abbott said: “This is the first time Japan has negotiated a comprehensive economic partnership agreement or a free trade agreement with a major economy, especially a large economy with a strong agricultural sector.” [2] Prime Minister Abe visited Australia in July to sign the Japan-Australia Economic Partnership Agreement and address the Australian Parliament. [5] Dr.

Ranald points out that we are not in a position to see the text before the agreement is signed and argues that there should be a more democratic and transparent process for trade agreements. The full text of the agreement, as well as useful information and information sheets from the FTA, are available on the website of the Ministry of Foreign Affairs and Trade. For specific questions about the agreement, email or call the DFAT North Asia hotline on 02 6261 1888. Importers may wish to address the Australian Department of the Interior`s negotiations for an agreement with Japan, which began in 2007 under the Howard government. [2] In April 2014, Australian Prime Minister Tony Abbott led a trade delegation to Japan, South Korea and China. The three economies accounted for more than half of Australia`s two-way trade. [3] During the Japanese leg, Abbott was received by Emperor Akihito and secured the key elements of a free trade agreement with Shinzo Abe`s government. [4] The article outlines concerns about the inclusion in the agreement of controversial investor-state dispute clauses (EIDS) and contains quotes from AFTINET-Convener, Dr. Patricia Ranald. While previous duties on new car imports from Japan have been abolished, the agreement provided for a flat fee of $12,000 for the importation of used vehicles from Japan. [6] June 8, 2016: The Japan-Australia Free Trade Agreement had no provisions for ISDS, but there was a clause that would trigger negotiations on