This revolutionary agreement will significantly improve Australian businesses` access to the world`s third-largest economy. URAPA is Australia`s second bilateral trade agreement with a major trading partner in North Asia, following the signing of a free trade agreement (FTA) with Korea in April 2014. A free trade agreement with China is being negotiated. Together, these three economies account for more than half of Australia`s exports. JAEPA is japan`s most liberalizing bilateral trade agreement ever, giving Australian exporters, importers, investors and producers a significant advantage over their international competitors. It will provide unprecedented market access and a competitive advantage for Australian agricultural exports, many of which reside in Queensland. The Japan-Australia Economic Partnership Agreement (JAEPA) offers considerable benefits to the Australian economy and facilitates its activities with Japan, our second largest trading partner. The agreement will strengthen and deepen trade between two of the largest economies in the Asia-Pacific region. «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 the third largest investor in Australia with more than $130 billion in shares in 2013. Japan is Australia`s 6th largest investment target. The article describes fears that controversial investor-state dispute settlement (ISDS) clauses will be included in the agreement and contains quotes from the AFTINETs Convener, Dr Patricia Ranald The Wire reports on the Japan-Australia Free Trade Agreement, including an interview with AFTINET organiser Dr Patricia Ranald.

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. The segment contains an interview with Dr. Patricia Ranald of AFTINET. Trade and Investment Minister Andrew Robb announced that Australia`s free trade agreement with Japan on January 15, 2015 will enter into force. The full text of the agreement as well as useful information and fact sheets on free trade agreements are available on the website of the Ministry of Foreign Affairs and Trade. If you have any specific questions about the agreement, send an 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 tariffs on imports of new cars from Japan have been removed, the agreement provided for a flat-rate tax of $12,000 for the import of used vehicles from Japan.

[6] Japanese companies could sue Australian governments under clauses that could be included in the dollar-Japan Free Trade Agreement, writes Peter Martin for the Sydney Morning Herald. . . .