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Japan-Australia Economic Partnership Agreement

The Japan-Australia Economic Partnership Agreement (JAEPA) entered into force on the 15th January 2015.  
 
JAEPA eliminates or reduces barriers to trade in goods between Japan and Australia. This benefits Australian businesses that seek to export Australian goods to Japan or want to import Japanese goods for sale in Australia or for use as inputs into further manufacturing.

Some of the key outcomes on entry into force of the agreement include:*

  • Rapid tariff reductions for beef, Australia’s largest agricultural export to Japan worth $1.4 billion in 2013-14, providing an immediate and significant competitive advantage over our major competitor, the United States.
  • Elimination of the 15 per cent tariff on bottled wine over 7 years, with the tariff on bulk wine eliminated immediately. Wine exports were worth $41 million in 2013-14.
  • Duty-free quotas for Australian cheese, with trade worth $343 million in 2013-14.
  • Immediate and preferential duty-free access for the growing trade in milk protein concentrates, lactose and casein (worth $58 million) as well as new opportunities for ice-cream and frozen yoghurt exports.
  • Fast tariff elimination on the vast majority of Australia’s fruit, vegetables, nuts and juice, worth $114 million in 2013-14. For example tariffs on macadamia nuts (exports worth $17.6 million in 2013-14), and asparagus ($13.5 million) will be eliminated immediately.
  • Tariffs on lobsters, crustaceans and shellfish will be immediately eliminated and the tariff on Australia’s largest seafood export, tuna, and Atlantic salmon, will be phased out over 10 years. Australia’s seafood exports to Japan were worth $190 million in 2013-14.
  • Immediate duty-free and quota free access for wheat for feed and barley for feed as well as streamlined export arrangements for some Australian wheat varieties. Australia’s grains trade to Japan was worth over $574 million in 2013-14.
  • Immediate tariff elimination and reduced levies for high polarity (international standard) raw sugar, with Australian exports of low polarity sugar to Japan worth over  $225 million in 2013-14.
  • Elimination of tariffs on 99.7 per cent of Australian resources, energy and manufacturing exports on day one of JAEPA’s operation.

More than 97 per cent of Australia's exports to Japan will enter duty-free or will receive preferential access when JAEPA is fully-implemented.

For information on the ACCI JAEPA Certificate of Origin, CLICK HERE

To find out how JAEPA can benefit your business refer to:
dfat.gov.au

*source DFAT









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