The Wire reports on the free trade agreement between Japan and Australia, including an interview with AFTINET organizer Dr. Patricia Ranald. Dr Ranald points out that we will not be able to see the text before the agreement is signed and argues that there should be a more democratic and transparent process for trade agreements. This publication was made before the current government The Japan-Australia Economic Partnership Agreement (JAEPA) entered into force on January 15, 2015. Japan is the world`s third-largest economy and has a long-standing and important trade relationship with Queensland. It is Queensland`s second-largest trading partner, with goods exports worth $8.8 billion, or nearly 20% of Queensland`s total exports. Austrade can help Australian companies become familiar with local market conditions and help develop export opportunities through a number of merchant and Australian services. “The agreement will provide valuable preferential access to Australian exports and is by far the most liberalizing trade agreement ever reached by Japan,” the Australian Department of Foreign Affairs said. Australia and Japan are natural partners with highly complementary economies. This agreement will bring our economies and societies even closer together and strengthen a strong relationship for many years to come. [1] Japan is an economic heavyweight: it is the world`s third-largest economy, worth nearly $5 trillion in 2013, and Australia`s second-largest trading partner.
Two-way trade between Japan and Australia amounted to $70.8 billion in 2013, or more than 10% of Australia`s total trade. Dr Patricia Ranald was interviewed on Friday 21 March on RN Breakfast about the link between the proposed Japan-Australia Free Trade Agreement and the negotiations on the Trans-Pacific Partnership Free Trade Agreement. www.abc.net.au/radionational/programs/breakfast/japan-free-trade. Some are afraid of the trade deal due to a lack of transparency, including rumors that there is a provision that makes it easier for Japanese companies to sue the Australian government, ABC National Radio PM reports. A number of concessions were guaranteed to Australian agricultural exporters, while Australian tariffs on electronics, white goods and cars were to be reduced. [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 Japan-Australia Economic Partnership Agreement (JAEPA) offers considerable benefits to the Australian economy and facilitates its activities with Japan, our 2nd largest trading partner. The agreement will strengthen and deepen trade between two of the largest economies in the Asia-Pacific region.
With the launch of the Japanese Free Trade Agreement in 2015, employers will no longer have to offer jobs to nationals or prove that no vacancies can be filled until Japanese nationals entitled to 457 visas are employed. .