Japan-Australia Economic Partnership Agreement (JAEPA)

Japan-Australia Economic Partnership Agreement (JAEPA) comes into force on 15 January 2015, paving the way for Australian exporters to benefit from two rounds of tariff cuts in the first half of 2015.

Minister for Trade and Investment Andrew Robb said, “JAEPA will deliver substantial benefits for the Australian economy, and the deal means that our exporters will benefit from an immediate round of tariff cuts by Japan on January 15, followed by a further round of cuts on the 1st of April 2015”.

JAEPA is the first free trade deal Japan has made with a major exporting nation and will lead to reduced or eliminated tariffs for a range of agricultural commodities.