Free Trade Agreement Australia Japan

Australia`s negotiations for an agreement with Japan began under the Howard government in 2007. [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] Dr. Patricia Ranald was interviewed on Friday, March 21 at the RN Breakfast on the link between the proposed free trade agreement between Japan and Australia and the Trans-Pacific Partnership Free Trade Agreement negotiations. www.abc.net.au/radionational/programs/breakfast/japan-free-trade-… June 8, 2016: The Japan-Australia Free Trade Agreement had no provision for ISDS, but there was a clause that would trigger ISDS negotiations if Australia concluded another agreement with ISDS. The Guardian reports that the Free Trade Agreement between China and Australia has triggered secret talks to include ISDS in Japan`s free trade agreement.

These were interrupted by early elections, but if the coalition government wins, they expect them to conclude the talks after the elections, the result will not be published until after the event. The ALP`s policy opposes ISDS and commits to reviewing ISDS in existing agreements. 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. This groundbreaking agreement will significantly improve Australian businesses` access to the world`s third largest economy. Austrade can help Australian companies become familiar with local market conditions and help develop export opportunities through a number of market and Australian services. 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 full text of the agreement, as well as useful information and fact sheets of the free trade agreement, are available on the website of the Ministry of Foreign Affairs and Trade.

For specific questions about the agreement, email JapanEPA@dfat.gov.au or call the DFAT North Asia hotline on 02 6261 1888. Importers can apply to the Ministry of the Interior, 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] Japanese companies could sue Australian governments under clauses that could be included in the Australia-Japan free trade agreement, writes Peter Martin for the Sydney Morning Herald.