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Latest Australia-Japan FTA Tariff Cuts In Force

by Mary Swire, Tax-News.com, Hong Kong

02 April 2018


The fifth round of tariff cuts under the Japan-Australia Economic Partnership Agreement (JAEPA) entered into force on April 1, 2018.

Under the latest round of cuts, Japanese import tariffs on Australian fresh or chilled beef are now 29.3 percent, and 26.9 percent on frozen beef. Prior to JAEPA's entry into force, these rates were 38.5 percent in each case.

Australian natural honey exports will also benefit from a tariff cut, to 13.9 percent. Oranges will face a tariff of 8.7 percent.

Once fully implemented, around 98 percent of Australia's merchandise exports to Japan will receive preferential access or enter the Japanese market duty-free.

Australia's goods exports to Japan were valued at AUD45bn (USD34.5bn) in 2017, up 24 percent on the previous year. Almost 96 percent of eligible products exported to Japan in 2017 made use of JAEPA's preferential access.

TAGS: export duty | tariffs | Australia | import duty | Japan

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