Prime Minister Tony Abbott has secured for Australia a historic free trade agreement with Japan after 7 years of negotiations. The wins from this agreement include cheaper Japanese cars and electronics, and the Australian Beef industry, which looks to greatly increase its sales. Other Agricultural winners are fruit, vegetables, seafood, sugar and wine. Rice, however still will remain under tariffs, due to its cultural significance in Japan.  

This deal has been greatly praised as beneficial to both countries, and is also an efficient use of resources, with Australia having the land for agriculture more so than Japan, and Japan being a major manufacture of cars, an industry that will no longer exist in Australia in a few years’ time.

Australia is now signing a free trade agreement with South Korea, further opening up our free trade within Asia and according to our Prime Minister Tony Abbott will create 1,000 Australian jobs a year.