economic

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Description

Australia has made trade agreements with both Japan and China. These trade agreements open the way for exporting Australian products to both countries and allowing Japan and China to export to Australia and import raw materials and dairy products. This study explores the different issues pertaining to these agreements.

Australian and have been negotiating for a trade agreement for more than ten years. On July 8, 2014, the two countries finally reached a landmark trade agreement that was meant to strength the business ties between the two countries, Japan being the second largest export market for Australia product. The agreement came to force on January 15, 2015.  Japan-Australia Economic Partnership Agreement (JEPA) made a number of changes to the previously existing trade agreement, notably expanding the available opportunities for both countries industrial, agricultural, as well as mineral resources.