Australian agricultural exports to Japan show significant growth
CANBERRA - Tariffs under the Japan-Australia Economic Partnership Agreement (JAEPA) have been cut for the fourth time, eliminating tariffs on more than 3,400 Australian product lines since the Agreement entered into force in 2014.
Japan is Australia’s second-biggest trading partner, and the only major agricultural exporter to have a Free Trade Agreement (FTA) with Japan.
Some export products have benefitted significantly from JAEPA. Between 2014 and 2016, Australian exports of fresh table grapes increased more than five thousand per cent to AUD30.8 million, carrot exports increased almost 500% to AUD3.4 million and beef exports increased by 22.5% to almostAUD1.1 billion.
Australian exports of honey and rolled oats both roughly doubled, fresh orange and asparagus exports grew by almost 50% and bottled wine exports increased by 13% toa value of AUD35.6 million. Over the same period, Japanese imports of Australian sugar more than doubled. www.austrade.gov.au (ATI).