Discreet Bullion
  • Home
  • Bullion
  • Prices
  • Blog
  • 1776
  • Links
  • About
  • FAQ
  • Contact
  • Diamonds

#Australia #Japan Free Trade Agreement Concluded 

4/7/2014

0 Comments

 
Picture
Press release 8th April 2014

The Hon. Tony Abbott MP
Prime Minister

The Hon. Andrew Robb AO MP
Minister for Trade

Australia has concluded negotiations on an historic Economic Partnership Agreement with Japan, our second biggest trading partner. This historic agreement is good for the Australian economy, good for jobs, good for farmers and good for consumers.

The breakthrough follows the successful conclusion of a Free Trade Agreement with Korea, which will be formally signed tomorrow in Seoul. Australia has broken new ground as the first major agricultural exporting economy to conclude such a liberalising agreement with Japan.

The Japan-Australia Economic Partnership Agreement (JAEPA) will deliver a significant boost to Australian farmers and other agricultural producers, resource exporters, service providers and consumers.

Better access for key agriculture products – including beef, cheese, horticulture and wine – will give Australia a head start over our competitors in this market.

JAEPA represents a major windfall for Australian beef – our biggest agricultural export to Japan, currently worth $1.4 billion. This includes a halving of the tariff on frozen beef from 38.5 per cent to 19.5 per cent, with deep cuts in the first year.

Cheese, by far Australia’s largest dairy export to Japan at $372 million, will gain significant new duty-free access. Australian horticultural producers will gain from immediate tariff eliminations across a wide array of fruit, vegetables and nuts.

The tariffs on canned products such as tomatoes, peaches and pears, as well as fruit and vegetable juices, will also be eliminated.

Australian consumers will also be major beneficiaries of this Agreement, with tariffs eliminated on imported cars from Japan, as well as on household appliances and electronics. Australian services providers will also gain significant new access to the Japanese market across areas such as financial, education, telecommunications and legal services.

JAEPA sends a strong message to Japanese investors that Australia is open for business.

0 Comments

Your comment will be posted after it is approved.


Leave a Reply.

    Follow our CEO on Twitter
    Tweets by @MoonSunTruth

    RSS Feed

    Favourite videos

    Archives

    August 2016
    July 2016
    June 2016
    May 2016
    April 2016
    March 2016
    February 2016
    January 2016
    December 2015
    November 2015
    October 2015
    September 2015
    August 2015
    July 2015
    June 2015
    May 2015
    April 2015
    March 2015
    February 2015
    January 2015
    December 2014
    November 2014
    October 2014
    September 2014
    August 2014
    July 2014
    June 2014
    May 2014
    April 2014
    March 2014
    February 2014
    January 2014
    December 2013
    November 2013
    October 2013
    September 2013
    August 2013
    July 2013
    June 2013
    May 2013
    April 2013
    March 2013
    February 2013
    January 2013
    December 2012
    November 2012
    October 2012

      Contact us          Questions            Prices            Storage               Bullion               About us