The Australian Department of Foreign Affairs said: “The agreement will provide valuable preferential access to Australian exports and is by far the liberalizing trade agreement that Japan has ever concluded. Australia and Japan are natural partners with very complementary economies. This agreement will bring our economies and societies even closer together and strengthen a strong relationship for many years to come.  With the entry into force of the Japanese Free Trade Agreement in 2015, local employers will no longer be required to offer jobs or prove that no one can fill vacancies until Japanese nationals eligible for 457 visas are employed.  While previous duties on new car imports from Japan have been abolished, the agreement provided for a flat fee of $12,000 for the importation of used vehicles from Japan.  This groundbreaking agreement will significantly improve Australian business access to the world`s third largest economy. JAEPA is the liberalized bilateral trade agreement that Japan has ever entered into and offers Australian exporters, importers, investors and producers a considerable advantage over their international competitors. It will give Australian agricultural exports – many of which reside in Queensland – unprecedented market access and a competitive advantage. This publication was published prior to the entry into force on 15 January 2015 of the Japan-Australia Economic Partnership Agreement (JAEPA). Japan is the world`s third largest economy and has a long and important trade relationship with Queensland. It is Queensland`s second largest trading partner, worth $8.8 billion, or nearly 20% of Queensland`s total exports. Australia`s negotiations for an agreement with Japan began under the Howard government in 2007.  In April 2014, Australian Prime Minister Tony Abbott led a trade delegation to Japan, South Korea and China.
The three economies accounted for more than half of Australia`s two-way trade.  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.  The full text of the agreement, as well as useful information and fact sheets of the free trade agreement, are available on the website of the Ministry of Foreign Affairs and Trade. For any specific questions, email JapanEPA@dfat.gov.au or call the DFAT North Asia hotline on 02 6261 1888. Importers can contact the Department of the Interior The Japan-Australia Economic Partnership Agreement (JAEPA) offers significant benefits to the Australian economy, making it easier to trade with Japan, our second largest trading partner.