Japan-Australia Free Trade Agreement to Launch Jan 15

December 17, 2014 Share Print 0

A free trade agreement between Japan and Australia will take effect on Jan. 15, the Japanese Foreign Ministry said Tuesday.

Under the bilateral FTA, Japan will slash its tariffs on Australian beef by up to half the current 38.5 percent in stages, while Australia will scrap its 5 percent tariffs on Japanese automobiles.

Australia is the first major agricultural exporter to conclude an FTA with Japan. Tokyo currently has such bilateral trade accords with 12 countries and the Association of Southeast Asian Nations.

via Mainichi

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Alfonso Esparza

Senior Currency Analyst at Market Pulse

Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.