Japan And Australia Trade Agreement

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    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] With the entry into force of the Japanese Free Trade Agreement in 2015, local employers will no longer be required to offer jobs or prove that no one can fill vacancies until Japanese nationals eligible for 457 visas are employed. [7] 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 any specific questions, email JapanEPA@dfat.gov.au or call the DFAT North Asia hotline on 02 6261 1888. Importers can contact the Home Office to help Australian businesses become familiar with local market conditions and help develop export opportunities through a number of market and Australian services. JAEPA is the liberalized bilateral trade agreement that Japan has ever entered into and offers Australian exporters, importers, investors and producers a considerable advantage over their international competitors. It will give Australian agricultural exports – many of which reside in Queensland – unprecedented market access and a competitive advantage. 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] JAEPA is Australia`s second bilateral trade agreement with a major trading partner in North Asia after the signing of a free trade agreement with Korea in April 2014. A free trade agreement is being negotiated with China.

    Together, these three economies account for more than half of Australia`s exports. A number of concessions were guaranteed for Australian agricultural exporters, while Australian tariffs on electronics, white goods and cars were to be reduced.