JAEPA will provide tariff-free entry for Australia’s key resources, energy and manufactured exports.
In 2016, Australia exported more than $31 billion worth of resources, energy and manufactured products to Japan. From the date of entry into force on 15 January 2015, 99.7 per cent of Japan’s imports of these products from Australia entered duty free. On full implementation of JAEPA, all of Australia’s current resources, energy and manufacturing exports will enter duty-free.
Key outcomes include:
- Immediate elimination of tariffs on resources and energy products including coke and semi coke of coal (3.2 per cent) and non-crude petroleum oils (up to 7.9 per cent)
- Elimination of tariffs on transformed energy and mineral products such as aluminium hydroxide (3.3 per cent), titanium dioxide (3.2 per cent), unwrought nickel (11.7 per cent) and ferro-manganese (6.3 per cent), many already implemented on 15 January 2015
- Elimination of tariffs up to 12.8 per cent on key apparel products and more liberal rules of origin than Japan has ever applied to another country
- Elimination of tariffs up to 6.5 per cent on plastic products, majority of which occurred immediately on 15 January 2015
- Immediate elimination of tariffs on wood products (up to 7.5 per cent), paints (4 per cent), pearl jewellery (5.2 per cent) and shaving creams and deodorants (up to 4.8 per cent).
Australia will continue to enjoy tariff free access for automotive parts, pharmaceuticals and vitamins, medical instruments and apparatus, paper, sheepskins and cow hides as well as all large resource exports including iron ore, coal and liquefied natural gas.