PM talks trade
Australian beef, honey and wine exporters had a lucrative 2017 in sales to Japan.
On the eve of Prime Minister Malcolm Turnbull’s visit to Tokyo last week, the Japan-Australia free trade deal clocked up its third anniversary.
Federal Trade Minister Steve Ciobo said further tariff cuts were due in April.
Mr Ciobo said 97 per cent of Australia’s exports now entered Japan duty-free or under preferential tariff rates.
Honey exports grew 66.1 per cent in the first three quarters of last year, wine was up 52.6 per cent and frozen beef was up 32 per cent.
Trade and investment were a key focus of Mr Turnbull’s one-day visit to Japan last Thursday.
Mr Turnbull and Japanese leader Shinzo Abe have been champions of the Trans- Pacific Partnership trade agreement which is still in limbo.
There were hopes the agreement could be revived at the Asia Pacific Economic Co-operation summit in Vietnam last year, without the United States.
However, Canada threw a spanner in the works at the last moment when it also withdrew from the agreement.