JAEPAJapan-Australia Economic Partnership Agreement
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Australian farmers are big winners from tariff cuts delivered under the ground-breaking Japan-Australia Economic Partnership Agreement (JAEPA).
The JAEPA follows other two major trade agreements entered into by Prime Minister Abbott - Korea and the recently concluded China-Australia Free Trade Agreement or ChAFTA.
The Australian economy will benefit substantially with the JAEPA. As proof of that, Australian exporters will benefit from an immediate round of tariff cuts to be enforced by Japan on Jan 15.
"The JAEPA has been in force for 12 months now, and the industry is responding well to the agreement which immediately cut tariffs on bulk wine to zero and will reduce tariffs on bottled wine over a seven-year period.
In particular, we believe JAEPA will offer substantial new investment opportunities in Queensland s agribusiness sector because of the immediate or fast track elimination on tariffs on products such as beef, sugar, fruit, vegetables, seafood, nuts, juices and processed foods such as honey and tea.
JAEPA also presents many new opportunities for Japanese investors to support the expansion of our agribusiness industry.
South Australian agribusiness is well positioned to take full advantage of the benefits offered by the Japan-Australia Economic Partnership Agreement (JAEPA).
As a result of the JAEPA high tariffs on South Australian beef have been cut by 20 per cent with further tariff cuts due on 1 April.
Speaking from Mumbai where he is leading a 450-strong Australian business delegation, Mr Robb said the Japan-Australia Economic Partnership Agreement (JAEPA) provides improved access to Japan s growing markets, with more than 97 per cent of Australia s exports receiving preferential or duty free access when fully implemented.
Japanese Prime Minister Shinzo Abe and Australian Prime Minister Tony Abbott warmly welcome the entry into force on 15 January 2015 of the Japan-Australia Economic Partnership Agreement (JAEPA).
From today businesses will benefit from new opportunities to grow exports with the Japan Australia Closer Economic Partnership Agreement (JAEPA) coming into force.
The Japan Australia Closer Economic Partnership Agreement (JAEPA) comes into force today on the heels of the Korea Australia Free Trade Agreement (KAFTA), which took effect on 12 December 2014.