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The Integration of Japan and Australia: Australia, Japan free trade deal begins

Aepsilons

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Some Australian products imported to Japan will receive preferential or duty free access from Thursday when a free trade agreement between the two countries begins.

High beef tariffs will drop by about a fifth and other goods including prawns, lobsters, asparagus, cherries, grapes, macadamia nuts and almonds will no longer be subject to duty, trade minister Andrew Robb said.

Japanese cars, electronics and white goods will be cheaper in Australia under the deal.

'We've already begun to see the benefits to Australian consumers of cheaper Japanese cars, with three manufactures reducing the cost of family-sized cars by up to $2600, with savings of up to $7600 for higher-end models,' Mr Robb said.

Prime Minister Tony Abbott and Japanese Prime Minister Shinzo Abe said the deal, known as the Japan-Australia Economic Partnership Agreement (JAEPA), was the 'most significant bilateral economic agreement' made in more than 50 years.

'The prime ministers look forward to Australian and Japanese businesses working together to make the most of the opportunities provided by JAEPA,' they said in a joint statement.

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That's a very good development!! In fact I believe Australia and Japan should work together and setup Automobile/electronic manufacturing units in Australia. Australia has huge lands and resources and Japan the technology and if they work together than it will do wonder to the economies of both the countries!!

Good luck Aussie and Japan!!
 
That's a very good development!! In fact I believe Australia and Japan should work together and setup Automobile/electronic manufacturing units in Australia. Australia has huge lands and resources and Japan the technology and if they work together than it will do wonder to the economies of both the countries!!

Good luck Aussie and Japan!!

There are plans for greater joint-development in the military and defense sector as well. :)
 
That's Awesome!! And you folks will always have a friend in Indian ocean!!

As you may know, India is an indispensable comprehensive strategic partner of Japan. The greater integration of India and Japanese economies is seen -- as there are over 1,200 Japanese companies that are now based in --- India ! And this number continues to increase as the Indian market continues to increase and as favorable investment conditions continues to manifest in India. I see a powerful cooperative platform between India-Australia-Japan in the very immediate to intermediate future. :)

Btw, @jbond197, here's a link regarding growing Indian-Japanese economic integration:

Over 1,200 Japanese firms in India, grow 13 per cent in year - IBNLive

:)
 
As you may know, India is an indispensable comprehensive strategic partner of Japan. The greater integration of India and Japanese economies is seen -- as there are over 1,200 Japanese companies that are now based in --- India ! And this number continues to increase as the Indian market continues to increase and as favorable investment conditions continues to manifest in India. I see a powerful cooperative platform between India-Australia-Japan in the very immediate to intermediate future. :)

Btw, @jbond197, here's a link regarding growing Indian-Japanese economic integration:

Over 1,200 Japanese firms in India, grow 13 per cent in year - IBNLive

:)

Add to it - Abbott, Abe, and Modi share a very good rapport!! All three have very strong personalities and are very able leaders!! I wish we make a good progress in this trilateral relationship!!
 
Add to it - Abbott, Abe, and Modi share a very good rapport!! All three have very strong personalities and are very able leaders!! I wish we make a good progress in this trilateral relationship!!

The future looks bright ! As the relationship between India, Australia and Japan mature -- Indian Ocean Region, Western Pacific and Oceania --- will ever be more stable ! :)
 
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