Free Trade Agreement (FTA) and Economic Partnership Agreement (EPA)
Joint Statement on the Entry into Force of the Agreement between Japan and Australia for an Economic Partnership
January 15, 2015
- Japanese Prime Minister Shinzo Abe and Australian Prime Minister Tony Abbott warmly welcome the entry into force on 15 January 2015 of the Japan-Australia Economic Partnership Agreement (JAEPA).
- JAEPA represents an historic development in economic relations between Japan and Australia and is the most significant bilateral economic agreement since the 1957 Agreement on Commerce. JAEPA lays the foundation for the next phase of bilateral economic relations, and will strengthen "the special strategic partnership" between Japan and Australia.
- JAEPA will deliver significant economic benefits to both countries, through increased trade in high-quality goods and services, an easing of bilateral investment restrictions and promoting economic growth.
- The Prime Ministers look forward to Australian and Japanese businesses working together to make the most of the opportunities provided by JAEPA.