South Australia to reap the benefits of Japanese FTA

South Australian exporters to Japan will significantly benefit from a landmark Free Trade Agreement (FTA) signed between Australia and Japan in Canberra today.
 

South Australian exporters to Japan will significantly benefit from a landmark Free Trade Agreement (FTA) signed between Australia and Japan in Canberra today.
 
Shadow Minister for Investment and Trade Tim Whetstone welcomed the FTA signing between the two countries.
 
“The Economic Partnership Agreement will strengthen exports between South Australia and Japan,” Mr Whetstone said.
 
“There will be opportunities for South Australian businesses and producers to sell more livestock, dairy, seafood, horticulture, agriculture and wine to Japan as a result of this agreement.
 
“South Australia's agricultural, food and wine exports to Japan total more than $300 million per year and Japan is the state’s third largest export market for agricultural products.
 
“Livestock producers are one of the biggest beneficiaries of the agreement with standard tariffs to be significantly reduced.
 
“There are also significant advantages for other agricultural products, with fruit and vegetables, nuts, juice, wool, seafood and wine to see major benefits.
 
“The agreement will ensure South Australia’s important trade ties with Japan continue to strengthen.”
 
Mr Whetstone said removing barriers to trade and making access to markets easier for South Australian businesses is a key aspect of the agreement with Japan.
 
“South Australia’s exports to Japan grew by only 1.3 per cent in the 12 months to May 2014 with Japan making up five per cent of the state’s total share of exports,” Mr Whetstone said.
 
“The state’s exports to Japan will certainly benefit from this important trade agreement and our fruit fly free status is a vital advantage.”
 
Mr Whetstone has also welcomed the signing of an FTA with Korea this week.

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