Australia, Japan free trade agreement begins

If you have 15th January 2015 marked in your calender and you are not sure why, maybe it’s because you wanted to remind yourself that the Australia, Japan Free trade agreement begins today!

This exciting agreement has been billed as the ‘most significant bilateral economic agreement made in more than 50 years’ – our Prime Minister Mr Tony Abbott believes.

Prime Minister Tony Abbott and Japanese Prime Minister Shinzo appear happy with the agreement.

Prices will drop on Japanese cars, white goods along with electronics under the new 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,’ Trade minister Andrew Robb advised.

Mr Robb also added “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”.
For more information on the Australia Japan free trade agreement click here.

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Image credit:  & Photo: Alex Ellinghausen